FCCA Proceedings (continues)
The FCCA raised several concerns in these discussions and consulted numerous experts and market participants. Several negotiations were held with the FCCA concerning these concerns and various solutions to them.
During the FCCA proceedings, it became clear that the only way to remove the FCCA’s concerns and implement the mobile payment platform was for Automatia to undertake to comply with certain conditions. As a result, Automatia proposed certain conditions to the FCCA, which it complies with when providing the service.