The process for applying for a Small Payment Institution (SPI) license is fairly straightforward, but it does require that businesses fulfill certain requirements. A completed application form along with the necessary supporting documentation must be submitted to the Financial Conduct…
What is a Payment Institution (PI) in the UK? Simply put, a Payment Institution (PI) is an organisation that has obtained a relevant license and is thus allowed to provide different types of payment services in that particular country or…
Welcome to our detailed pricing for Authorized Payment Institution Licensing in the UK! If you’re looking to operate an electronic money or payment services business, an Authorized Payment Institution (API) license is a must-have. Our team of experts is here…
The process of obtaining a UK API License may seem cumbersome at first, but with our support, you have little to worry about. We can help you with the following tasks: These are the services we offer in a nutshell,…
To obtain a UK API License, you must meet the following requirements: Apart from this, the FCA also requires that the shareholders of the establishing institution are proper and that the management body has a good reputation in the industry…
What is the UK API License? The UK API License enables you to offer financial services to the UK. These include, but are not limited to, payment process, payment accounts, transfer of money, and acquisition of merchants. The API highlights…
API license is a step up from SPI license, allowing your business more transactional and regional freedom. Before applying for this license, your business must first qualify the list of conditions set forth by FCA. The application process for an…
What is an Authorised Payment Institution (API)? 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…
Welcome to our Electronic Money Institution Licensing page, where you can obtain all the necessary information and guidance you need to get your business up and running. An Electronic Money Institution (EMI) license in the UK is essential if you…
Any business in the UK wanting to issue e-money has to apply for an EMI license. Electronic money (e-money) is electronically (including magnetically) stored monetary value, represented by a claim on the issuer, which is issued on receipt of funds…