In the United States, there is no specific license designated specifically for electronic money institutions (EMIs), unlike the licensing system in place in the UK or European Union. Instead, the US has Money Services Businesses (MSBs) which must obtain a…
What is an API? An Authorized Payment Institution (API) is a designation obtained through a license in the European Union under which the relevant entity is allowed to offer payment services within a particular region. These services include but are…
The European EMI License Sponsorship, allows you to essentially (for lack of a better word), rent-a-license or in the professional jargon, it is called, getting sponsored by the principal license holder (PLH). Many startups have no idea of the options…
Basic information about Money Transmitter License New York New York Money Transmitter License (MTL) is one of the Big 3 MTLs (the other two being California Money Transmitter License and Texas Money Transmitter License). There is no doubt, that the NY Money Transmitter License is…
Illinois Money Transmitter License – Basic Information The Illinois money transmitter license is essential for any business or entity that wants to offer its services in the state. Operating without a license is a crime and liable to huge fines…