Authorised by the Financial Conduct Authority under the Electronic Money Regulations for the issuing of electronic money and payment instruments
FCA AEMI license scope
Payment services & E-money
a) Services enabling cash placement on a payment account
b) Services enabling cash withdrawals from a payment account
c) Execution of payment transactions (not covered by a credit line)
d) Execution of payment transactions (covered by a credit line)
e) Issuing payment instruments or acquiring payment transactions
f) Money remittance
g) Execution of payment transactions via telecoms, IT system or network operator
h) Issuing Electronic Money
3 Employees, IT development team in India.
Own IT being developed for issuing and acquiring, wallets processing, based on Jawa.
Current business model-referral fees from other acquirers. Revenue about 1 mil EUR per year.
SWIFT, SEPA via licensed entities in Cyprus, Malta and Lithuania.
APPLIED to VISA/MASTERCARD principal, in stages of approval going via VISA/MASTERCARD Compliance department. IT ready to connect VISA/Mastercard.
Price - 8 million EUR plus capital
Further info - Valters Gencs, info@gencs.eu,
Whatsapp/Telegram/Viber 371-29265441