As a preliminary point, we would like to clarify that we receive many inquiries from parties interested in acquiring a license. Regrettably, we’ve observed a common misconception that the process entails merely tendering an application fee or demonstrating the required…
Dear Valued Stakeholder, We are issuing this advisory to communicate our insights and recent experiences regarding the current licensing framework managed by the Financial Conduct Authority (FCA) in the United Kingdom. This advisory is backed by extensive discussions with a…
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…
Here is more information on the process for obtaining a small payments institution license in the UK: As part of the application process, the FCA will assess whether you meet the following requirements: If the FCA grants you a small…
It is possible for a company to purchase an existing money transfer license in the United States. Money transfer licenses are typically issued by state financial regulatory agencies or by the federal government. In order to operate a money transfer…