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March 1, 2023
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LICENSING
For established and new Money Service Businesses
seeking a licence in the UK and Europe
A fast and reliable route to start your Money Service Business
We have a great track record of helping Money Service Businesses seeking a licence in the UK and Europe with the challenging task of getting licensed.
Importantly, our technology underpins the entire application process by demonstrating to the regulator that you plan to use a proven and compliant platform to run your MSB.
Licence Options
Depending on your requirements and objectives, we will advise you on the type of licence most suitable to your needs and can help you with the application for the following licenses:
Small Payment
Institution
- Initial Capital: € None
- Monthly Cap: €3m
- Business Plan
- GRC Plan
- UK corporate office setup
- UK team setup (experienced full-time AML Officer, Director)
- Safeguarding: Optional
Authorised Payment
Institution
- Initial Capital: €20K
- Business Plan
- GRC Plan
- UK corporate office setup
- UK team setup (experienced full-time AML Officer, Director)
- Safeguarding: Mandatory
Authorised E-Money
Institution
- Initial Capital: € 350K
- Business Plan
- GRC Plan
- UK corporate office setup
- UK team setup (experienced full-time AML Officer, Director)
- Safeguarding: Mandatory
Small E-Money
Institution
- Initial Capital: € 2% of AOE (if > €500k)
- Monthly Cap: €3m
- Business Plan
- GRC Plan
- UK corporate office setup
- UK team setup (experienced full-time AML Officer, Director)
- Safeguarding: Mandatory
Our Process
4 Easy Steps to get Started
Our technology underpins the entire application process by demonstrating to the regulator that you plan to use a proven and compliant platform to run your MSB.
Starter System
We set up a hosted Starter System of the RemitONE money transfer platform with your company logo and branding.
MSB Licence
We will apply for a money service business licence for you, using the Starter System as a reference for the regulator.
Live System
Once we’ve
successfully helped you get your licence, connected you to our partners, and you have signed agreements with
them, we will enable you to a live system.
Ecosystem
We will connect you to our network
of clients, partners and third party service providers.
Gain access to experts
With over 50 years of combined senior leadership experience in the money transfer industry, RemitONE’s expert payments team will guide you through the process of obtaining an MSB licence. We are here to assist you in order to get you up and running as fast as possible and have a great track record of getting clients licensed.
Oussama Kseibati
Head of Services
Oussama has over 15 years in the industry and leads the field in innovation and technology. Oussama has vast experience bringing other players together from around the world to build bridges and connections.
Aamer Abedi
CMO
Aamer is a marketing professional with over 15 years of experience across the IT, Finance, Retail and Telecom sectors. Aamer oversees RemitONE’s international sales and marketing operations and manages strategic partnerships.
Natalie Perkins
Marketing Manager
Natalie has over nine years of experience leading marketing strategies, building brand awareness and driving stakeholder engagement for Technology, Management Consultancy, Legal, Accountancy and Wealth Management organisations.
Arif Saleem
CTO
Arif is a highly experienced ICT professional focusing on technology and innovation at RemitONE. He has been involved with the Internet and Open Source technologies since the very early days.
Tap into our experts today
Get in Touch
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Your International Partner
RemitONE has been delivering state of the art technology and end-to-end solutions to the money transfer industry for over 15 years.