E-Money Trailblazer Enters Administration After FCA Enforcement Action

E-money firm ipagoo has collapsed after being ordered by UK regulators to stop providing payment services, with customers facing an anxious wait to find out whether they can recover funds.

The Financial Conduct Authority (FCA) announced on Friday that the London-headquartered company had entered administration, just a week after the regulator revoked its payment services permissions “to protect the interests of ipagoo’s customers”.

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