UK EMI (Electronic Money Institution) license

This is an EMI license that has been filed and approved by the FCA. The license can be transferred to a qualifying buyer and be ready for use within a short period of time. The seller would be able to facilitate the transfer process. Reduces time to implement associated with a 6 – 8 month filing and approval process.

Deployed Core Banking Platform to Start Operations Incl.:

• Integrated AML/KYC/KYB modules

• Web Banking

• Mobile Banking (iOs, Android)

Permission to provide certain regulated products & services:

• cash placement on a payment account

• cash withdrawals from a payment account

• Execution of payment transactions (covered & not covered by a credit line)

• Issuing payment instruments or acquiring payment transactions

• Money remittance

Further Business Development:

• Opening business and safeguarding accounts across EEA and the UK

• Step-by-step change of control (company management)

• Existing Directors may continue doing business with the new shareholders

• Launching card issuing programs

• License extension to an Authorised E-money institution