The Payments Group Obtains E-Money License

Frankfurt/Main, 4 September 2024 – Calida Financial Ltd., a Malta-based internet payment service provider, has been granted an e-money license by the Maltese Financial Services Authority (MFSA). This milestone follows the acquisition of a majority stake in Calida by The Payments Group Holding (PGH), formerly SGT German Private Equity, on 13 August 2024.

This license enables Calida Financial Ltd. to offer e-money services across Europe through the EU passporting process. The leadership at Calida, including CEO Jens Bader, anticipates significant sales growth as a result. Bader expressed pride in the achievement, citing its potential to enhance competitive positioning and accelerate growth.

Seth Iorio, designated Managing Director of PGH, also views this development as a crucial step in expanding the group's financial services portfolio.