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Feb 4, 2020 — UK registered FCA authorised and regulated Payment Institution (PSD appointed representative money transmitting and FX business) for sale. The business has no limits on transfers globally and is fully regulated in accordance with the European Payment Service Directive.
The Company is current with all filings, it has all licenses and other requirements in place and is listed on the FCA website with its own registration number.
- Access to multiple banking partners in the UK and the EU;
- Multiple payment and FX software (client platforms);
- Segregated GBP Bank accounts;
- Client IBAN account issuing service;
- FX liquidity in all major currencies at wholesale rate;
- Receiving accounts and onward payments;
- Debit card payments;
- Direct debit collections;
- Pre-paid EUR cards;
- Cash collection solutions;
The Company has full segregated specialist money transfer and FX banking services in place with UK and EU banks and can issue unique client IBAN accounts and its own branded debit cards (client branding subject to card program set up cost). A buyer can integrate the payment platform(s) via API onto their own website.
The business is ready to trade globally, offering money transfer, foreign exchange, prepaid card and IBAN account services to private individuals and businesses.
The firm's approved persons are, subject to negotiation, prepared to fulfil the firm's controll functions for a period of time in order to facilitate a smooth handover of the firm to a new owner. The Company's FCA authorisation is granted by a UK Institution and the business can arrange its direct license within 12 months at a cost of £5,000 (application approval included) as an option if required.
Full FCA operational and compliance manuals are included. All compliance and FCA reporting & filing is included via a third party compliance firm. The operational cost for the Company including compliance, offices and FCA audits is approximately £4,500 per month. The Company is registered in London but can be operated from any UK location. It is a requirement the Company has physical offices.
A great low cost option and the perfect solution for a startup payment firm who lacks FCA track record.
Price £45,000. Please note this is a fully regulated unlimited money transfer and FX business (API PSD Agent).