Pockit accounts are back in service after FCA lifts Wirecard restrictions

From: FinTech Global

Neobank Pockit was one of the FinTech startups that had to halt its services after the Financial Conduct Authority (FCA) froze all of Wirecard’s regulated activities, but now it is back in business.

The news comes after the FCA lifted its sanctions on Wirecard on 12.01am on June 30, following a review of the FinTech company’s services.

“This means that you’ll be able to start using your Pockit account normally between 12.01am and 3am,” Pockit said in a statement. “We will email you when your account is active and your card ready to use.”

However, Pockit also flagged that it going to move away from being reliant on Wirecard.

“Clearly this period has been very disruptive and distressing for our customers and not only has it impacted the Pockit customers but also many more who have accounts and cards with other companies across the UK,” Pockit continued. “As a result, we believe it is the right thing to do to have an orderly transition to another provider, which we will inform you about in due course.

“Please be rest assured, in the meantime there is nothing to be concerned about, your money is safe and accessible and we look forward to serving you for many years to come. From the bottom of our hearts we want to thank all of you for your patience and support over the last four days whilst the FCA carried out their work.”

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