Kraken Parent Payward Agrees to Buy European Bank Saldo
Saldo would give Payward a licensed deposit and lending operation across several European markets, but regulatory approval and a targeted 2027 closing remain ahead.
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Saldo would give Payward a licensed deposit and lending operation across several European markets, but regulatory approval and a targeted 2027 closing remain ahead.
The Saldo Bank deal would give Payward a European banking license and let it offer deposits, loans, cards and euro payments, pending regulatory approval.
If regulators approve the deal, Payward would gain an EU banking licence platform for lending and card services, connecting customer cash, crypto and tokenized stocks.
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