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…
To obtain a Small Payments Institution (SPI) license in the UK, you will need to follow the steps outlined below: Please note that the above is a general overview of the process for obtaining a Small Payments Institution license in…
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…
How to Get a UK Money Transfer License If you want to provide payment services, such as money transfer, in the UK, you will need to obtain a license before you can operate. There are two primary licenses that a…
Timeframe Once you have made an application to us, please wait for our representative to get in touch with you. We should get back to you within 5-10 working days. We will be happy to assist you and answer all…
Most firms are concerned about the complexity of the SEMI Licensing Process. The truth is, that while it may be fairly complicated to obtain a SEMI License, with our support, you will have little to fret over. We can assure…
The main requirements that make an entity eligible to apply for a SEMI License are the following: Required Documentation To apply for an S-EMI License you must submit all the following required documents:
Any business that wishes to operate as a Payment Institution and deal with E-Money must obtain a Small Electronic Money Institution (SEMI) License. With the SEMI License, you can not only enter the UK’s financial markets but also offer electronic…