What is a Payment Institution (PI)? A Payment Institution (PI) in the EU is a firm that has obtained an Authorised Payment Institution (API) License or a Small Payment Institution (SPI) License. With these licenses, the firm can provide various…
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…
The Small Payment Institution (SPI) license is required to offer payment services in the UK and the EU. This license is also referred to as the registered license, as opposed to the authorized license; also called the Authorized Payment Institution(API).…
Basic Information about Money Transmitter License in Nevada To operate as a money transfer operator in Nevada, you are required to obtain a money transmitter license. According to the Nevada Statute: A person shall not engage in the business of…
Who Needs a Money Transmitter License in New Jersey? If you’re starting out as a money transfer operator in New Jersey with money transmission services within and outside the United States, you will need to obtain a money transmitter license.…
Florida Money Transmitter License – Basic Information and Guidance Money transmitter license Florida is mandatory for any business that wants to provide money transmission services in the Sunny State. You will find the answers to all your license-related questions below.…
Massachusetts Money Transmitter License – Introduction and Step by Step Guide Getting a money transmitter license in Massachusetts, much like the rest of the states, involves a whole lot of hard work, investment, and meticulous planning. The whole process can…