Moneygate’s Nicolas Treppides: The EMIs sector is expected to show significant growth for another year

The electronic money institutions (EMIs) sector is expected to show significant growth for another year, in 2025, driven by the increasing demand for digital transactions and the integration of new technologies, Moneygate founder Nicolas Treppides anticipates.

In an interview with InBusinessNews, as part of the IN Business Forecasting 2025 series, Treppides indicates that the market's tendency to seek solutions beyond traditional banking is constantly strengthening and EMIs are now more acceptable for the implementation of a company's transactions.

However, as he points out, compliance with the new regulations is a challenge and requires investment in infrastructure.

Integrating artificial intelligence into financial services, actions to strengthen digital resilience, new identification technologies and embedded payments, are, according to Nicolas Treppides, the main trends in the EMIs sector, with Moneygate's 2025 development strategy focusing on three main axes.

These are initiatives with which the company, as its founder notes, aims to further establish itself in the EMIs sector, strengthening the trust of its customers and the long-term sustainability of the organisation.

How do you think the Cypriot economy will perform in the new year? How optimistic are you about its prospects?

The Cypriot economy is expected to continue its growth path in 2025, with a projected growth rate of 2.8% according to the European Commission.

This positive trend is supported by the economy's resilience to previous crises and the gradual implementation of the Recovery and Resilience Plan, which promotes, among other things, investments in green growth and digitalisation.

Furthermore, the recent upgrades of Cyprus' credit rating by international rating agencies reflect confidence in the country's economic prospects.

Therefore, I remain optimistic about the prospects of the Cypriot economy, expecting further growth and stability.

Who do you see as the biggest risks to our country's economy? What should be considered in order to ensure its growth trajectory?

The main risks to the Cypriot economy are mainly exogenous and focus on geopolitical instability.

Although we have to be honest, so far the developments in the region have benefited us because Cyprus is considered a safe destination, both for living and for doing business.

In this context, in order to ensure the development path, it is necessary to continue the diversification of the Cypriot economic model through targeted investments by the private and public sectors in sectors such as technology and financial services.

Strengthening digital infrastructure and promoting innovation are already contributing to reducing risks and strengthening the resilience of the economy.

What should Cyprus do to become an even more attractive destination for foreign investments? And how important, in your opinion, are they for its economy?

Cyprus has a golden opportunity to capitalise on this particular period due to both geopolitical developments and targeted incentives to attract investments and international companies.

However, because the demand is high, solutions must be found to meet the learning needs of the children of foreigners who decide to settle in Cyprus, as there is currently a long waiting list in most foreign language schools. In addition, further emphasis should be placed on safety issues in society.

It is necessary for the government to come up with smart solutions to further incentivise substantial foreign investment, in order to grow this specific ecosystem whose positive impact is already visible in our economy. Sustainable and inclusive investments enhance growth and create jobs.

The electronic money institutions sector

Regarding your company's sector of activity, how do you estimate it will develop in 2025? Are there any issues that concern you?

In 2024, Moneygate recorded a very good and encouraging performance considering that it is only two years old.

For 2025, our primary goal is to continue the growth path at the same pace, to increase the services offered to customers and to continue the technological development of our infrastructure.

The EMIs sector is expected to show significant growth for another year, in 2025, driven by the increasing demand for digital transactions and the integration of new technologies.

Besides, the market's tendency to seek solutions beyond traditional banking is constantly strengthening and EMIs are now more acceptable for the implementation of a company's transactions.

However, compliance with new regulations is a challenge and investments in infrastructure and processes are required to ensure digital resilience.

After all, the growing threat of cyberattacks makes it necessary to strengthen cybersecurity.

At Moneygate, we constantly invest in cutting-edge technologies, since full compliance with regulations and the protection of our customers are the cornerstone of our operation.

The main trends in the EMIs sector

What are the biggest trends/changes you expect to occur in your sector and what are the most significant challenges?

The main trends in the EMIs sector include the integration of artificial intelligence in financial services, actions to strengthen digital resilience, new identification technologies and embedded payments.

In terms of challenges, one of the most important concerns compliance with new regulations and certainly addressing increasing cyber threats.

A strong trend that seems to be taking hold in Cypriot business is that of acquisitions and mergers. Will we see it strongly in your sector as well?

In the EMIs sector, mergers and acquisitions (M&A) are indeed a strong trend occurring internationally and expected to continue.

As competition increases and regulatory requirements become more complex, many smaller businesses in the payments space may seek partnerships or mergers with larger players.

Additionally, the pace of integration of new technologies is incredibly fast and some companies may not be able to keep up.

The main reason driving mergers and acquisitions is to achieve economies of scale, as compliance costs, and investments in security and digital infrastructure are significant. In addition, mergers offer the opportunity to access new markets, technologies and customer bases.

At Moneygate, we closely monitor industry developments, examining strategic opportunities that will strengthen our position in the market. If appropriate prospects arise, we will be ready to evaluate moves that serve our strategic development.

Moneygate's growth strategy

What can we expect in terms of your organisation's plans and development strategy in 2025? What moves do you intend to make in this direction?

In 2025, Moneygate's growth strategy focuses on three main axes:

Digital Innovation: Continuous investment in digital technologies will allow us to offer faster, safer and more personalised services to our customers. In particular, we are studying the integration of artificial intelligence tools for data analysis and optimising the user experience.

Compliance and digital resilience: With the implementation of DORA, we have already strengthened our infrastructure to fully comply with the strictest requirements and protect our customers from cyber risks.

Market expansion: We plan to expand into new geographic markets, focusing on Europe where demand for electronic payment services is growing.

With these initiatives, we aim to further establish ourselves in the EMIs sector, strengthening our customers' trust and the long-term sustainability of our organisation.

(Source: InBusinessNews)