PSP System UK
Payment system license in the UK
In the UK, the licensing of payment systems (PS) is carried out by certain regulatory bodies, in particular, the FCA. They can provide business owners with a special license: AEMI. Having received such permission, the company will be able to work in any country, open IBAN accounts, obtain the status of a member of SWIFT, SEPA, and so on.
Czech Payment System License
Choosing a favorable jurisdiction for licensing is a serious issue that businessmen often face. If you are planning to register a payment system (PS), the Czech Republic may be a suitable option for licensing.
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Hong Kong Payment System License
A Hong Kong payment license enables businesses to legally provide payment and money-related services in one of Asia’s best-known financial centers. A Hong Kong payment license allows companies to offer payment solutions, money transfers, e-wallet services, or other regulated financial activities to customers and businesses. A Hong Kong payment system license is an essential step toward entering the Asian market for many fintech and financial businesses.
learn moreOpen an Account in a Payment System
Our team will handle all legal formalities, prepare the required documents, and open a payment system account for you. We work with payment systems from the EU, USA, Hong Kong, Singapore, and other countries.
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Opening an Account in the Payoneer Payment System
Payoneer is a payment system offering financial services and online money transfers, and a registered provider of the international Mastercard network. Accounts are opened remotely for clients from any jurisdiction not under U.S. sanctions.
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Opening an Account in the PayPal Payment System
PayPal is the world's largest debit-based electronic payment system. Account holders use it to pay for services, shop online, and send and receive money transfers. Both personal and corporate accounts are available, and the identification procedure decides whether yours gets opened.
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Opening an Account in the Wise Payment System
Wise (formerly TransferWise) is a London-based company specializing in electronic money transfers. Its activities are regulated by the UK Financial Conduct Authority (FCA), and client funds are safeguarded in low-risk financial institutions.
learn moreFrequently Asked Questions
In order to obtain a payment system license in the UK, it is necessary to prepare a business plan, AML policy and other documents, register a company, hire specialists for mandatory positions (director, AML officer, etc.). Integral elements for obtaining a license are a bank account and contributed authorized capital.
When choosing a payment system, it is necessary to take into account its license, service coverage regions, and acceptable payment methods. Also, it is necessary to take into account the compliance of the requirements of the payment system with the characteristics of the company (country of registration, residence of its participants, etc.). The tariffs offered by the payment system also play an important role.
The license is termless in case of compliance with all the conditions of the company's maintenance. But the license can be canceled in case of a long absence of activity and / or violation of the rules of functioning.
The final cost of obtaining a license for a payment system in the UK is influenced by various factors (region of operation of the future payment system, planned turnover, etc.). You can find out the exact cost of obtaining a payment system license in the UK by contacting our specialists.
