Leading European PayTech payabl. on Thursday announced its official membership in the Association of Cyprus International Financial Firms (ACIFF), describing it as a “significant milestone in its journey to further enhance its role and influence within the financial sector”.
Founded in 2009, ACIFF is a non-profit organisation representing over 90 regulated firms. Additionally, ACIFF’s mission is to promote industry growth, protect investors, support its members and regulators, and offer pro-bono consultations for developing new or existing frameworks.
The organisation addresses issues and challenges faced by its members and collaborates with similar associations, bodies, and federations within the European Union and internationally.
Its goal, the announcement explained, is to enhance the institutions within Cyprus’ financial sector and integrate them into the global economic landscape.
As a member of ACIFF, “payabl. will work alongside other business leaders to shape the future of financial services in Cyprus”.
According to an announcement from the company, “this membership allows payabl. to remain at the forefront of the financial services industry, engage in meaningful discussions with fellow members, and contribute to the development of new standards and best practices in the country”.
Ugne Buraciene, Group CEO of payabl., commented: “As a member of ACIFF, we will have the opportunity to engage with industry leaders, participate in exclusive networking events, and contribute to the shaping of financial policies and practices that affect our sector”.
Moreover, she stated that “the association is committed to providing a platform for collaboration, education, and advocacy, ensuring that our collective voice is heard on both a national and international stage”.
“ACIFF is delighted to welcome payabl. as a member,” said Demetris Taxitaris, MAP S.Platis CEO and ACIFF Chairman.
“Their commitment to innovation and excellence in the financial sector aligns perfectly with our mission to promote industry growth and protect investors,” he added.
“We look forward to collaborating with payabl. and other members to shape the future of financial services in Cyprus and beyond,” Taxitaris concluded.
The company concluded its announcement by saying that “this membership aligns with payabl.’s strategic objectives of being at the forefront of industry developments, influencing policies, and fostering connections that drive innovation and growth in the financial sector”.
