This means that Wave Crest Holdings Ltd is voluntarily giving up its license to operate as an electronic money institution in Gibraltar. The surrender of the license is being done in coordination with the Gibraltar Financial Services Commission, which is the regulatory authority overseeing financial services in Gibraltar.Wave Crest Holdings Ltd offers various digital payment solutions for businesses, including corporate payments for Europe and the Americas, commission payment solutions for insurance companies, brokers, and fund managers, and a driver payout program for businesses.As an electronic money institution, Wave Crest Holdings Ltd is authorized and regulated by the Gibraltar Financial Services Commission. This means that the company must adhere to certain regulatory requirements and standards to ensure the safety and security of its customers funds and transactions.By surrendering its e-money license, Wave Crest Holdings Ltd is effectively ceasing its operations as an electronic money institution in Gibraltar. The reasons for this decision are not specified in the statement.

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