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

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