Payment system licence

Payment system license

One of the comfortable, popular methods that makes it possible to conduct accounts and transactions from any region of the planet – electronic payments. In order for a payment system to operate legally, you must obtain a license.

Licensing of any private business – a labor-intensive process that is performed in several stages. The specifics of this procedure may depend on the legislation of the country where the company is registered.

Specialists with extensive experience working in our company can understand every important aspect of the legislation, prepare the necessary documentation, and correctly issue a license in the shortest possible time.

What types of activities require a payment system license?

It does not matter in which country the payment system is issued. You are required to register a permit document if you are engaged in the following activities:

• issue electronic currency, distribute it, change it;
• provide payment services;
• are engaged in the establishment of electronic finance.

Basically, the permit document is issued by national banks, it is recorded in the government authorities of the relevant state.

Obtaining a payment system license and other services provided by our company?

We offer our clients a license that allows them to:

• exchange money;
• provide certain payment services within the limits of finances that have been previously established;
• provide payment services to large institutions, without having restrictions on the volume or number of transfers.

Our company’s specialists perform the following work:

• choose the optimal jurisdiction for registering a business;
• prepare the necessary documentation and send it to the appropriate authorities;
• check the licensee to ensure it meets the requirements of the licensing authorities;
• provide advice on legal issues;
• legally support the operation of the payment system, and so on.

We know exactly the procedure for obtaining a license in order to conduct commercial activities. Our company provides clients with turnkey services. in any jurisdiction.

Payment system license: what documents are required?

The list of documentation required to obtain a license may depend on the requirements of the law of a particular country. As a rule, leading jurisdictions may require additional paperwork in addition to standard documentation. Registration often requires:

• a business plan drawn up for several years;
• paper that confirms the authorized capital;
• descriptions of all processes by which clients are identified, preventing the possibility of money laundering;
• list of services that the company plans to provide to people;
• data regarding founders, shareholders.

If you need comprehensive information about licensing a private business, as well as practical assistance in registering a permit for the operation of a payment system, then you should contact the specialists of our company.