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Licensing of financial companies Sale of ready-made companies Legal support

Payment institution licenses are the best tool to arrange transactional banking business in Europe

Creating a company with a Payment Service Provider license

  • assistance in obtaining
  • legal advice

  • United Kingdom (full license)€ 40 000

  • Poland (full license)€ 30 000
Contact to order

Ready-made company with a Payment Service Provider license

  • one month of service
  • merchant account
  • bank account in the EU

  • United Kingdom (full license)€ 80 000

  • Poland (full license)€ 60 000
Contact to order

Advantages of licensing

The license grants a payment institution the right to perform most of the banking functions, except for investment and lending activities

Open accounts

The payment institution that holds a license has the right to open accounts for its clients – individuals and legal entities

Wire transactions

The license allows the payment institution to make wire transfers, including SWIFT and SEPA

Remittances

The payment institution has the right to make retail remittances

Cards issue

The payment institution has the right to issue financial instruments, including Visa, MasterCard, UnionPay cards

Visa, MasterCard, UnionPay
cards processing

The licensee has the advantage over other e-commerce market participants thanks to reduced interest rates for services of the payment systems

Membership in
SWIFT, Visa, MasterCard

If necessary, the licensee can gain membership in SWIFT and international payment systems such as Visa, MasterCard, UnionPay

Types of business of the payment institutions

  • Payment systems with multiple functions
  • Remittances
  • Mobile and electronic wallets
  • Processing companies providing services to their clients in the field of e-commerce and offline POS terminals

However, to obtain a license is just the first step to set up a modern payment institution in the European Union.

To be really functional, fast and convenient for clients, a payment institution in the modern world must include the following components for success:

  • Correspondent accounts with the EU banks
  • Ability to assign their clients’ accounts numbers in the IBAN format
  • Membership in SWIFT, Visa, MasterCard, UnionPay
  • Ability to provide processing services in the field of e-commerce and offline POS terminals
  • Convenient and fast software for effecting payment transactions of their clients

Fintech Finance provides full support for its clients in setting up a payment institution in the European Union

If you are in need of any of the above services, please be sure to contact us – we guarantee high quality and the fastest times of the task execution.