What is an Authorised Payment Institution (API)?
Public Advisory for Money Transfer Licensing in the UK
The Financial Conduct Authority (FCA) in the UK has implemented a stringent and restrictive approach to licensing, resulting in significant delays and a sharp decrease in approval rates. Entrepreneurs seeking licenses must carefully consider the challenges and requirements before proceeding. Read more here.
According to the UK Financial Conduct Authority (FCA), an authorised payment institution is a person or a group of people authorised as a payment institution under the Payment Services Regulations and included in the Financial Services register. The FCA is the financial regulatory body in the UK that oversees over 50,000 financial institutions and ensures that there is transparency in financial markets and that consumers are not exploited in any manner. It is the FCA that issues the UK API License.
We can assist you with applying for a new API license in the United Kingdom. Please go through the following links to learn more about our offering.
- Fees Details
- Licensing Process
- Main Requirements for API
- Scope of Legal Services
- Timeframe & Additional Services Offered
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This page was last updated on June 2, 2023.
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