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The FCA defines an authorised payment institution as an entity that is authorised to make payments and is included in the FCA’s official register of APIs. The definition spans organisations such as credit card processors, payment account operators, remittance operators, foreign exchange businesses, and payment initiation businesses. Now that Safenetpay has evolved from API to EMI, it can issue and hold electronic money.
Permissions available within theAPIlicense:
•Services enabling cash to be placed on a payment account as well as all the operationsrequired for operating a payment account •Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account •Executing payment transactions (no credit line) •Issuing and/or acquiring of payment instruments •Money remittance •Payment initiation services •Account information services
Year of company incorporation: 2020
Year of authorisation from FCA: 2020
Fines and warnings from FCA: none
Company activity: the company has NOT started trading yet. Noclients and no transactionsevermade as of May 1, 2022.
Passportation: UKonly
Capital:150,000 GBP–the capital is available onHSBCcompany’sbank account in the UK
The FCA defines an authorised payment institution as an entity that is authorised to make payments and is included in the FCA’s official register of APIs. The definition spans organisations such as credit card processors, payment account operators, remittance operators, foreign exchange businesses, and payment initiation businesses. Now that Safenetpay has evolved from API to EMI, it can issue and hold electronic money.
Permissions available within theAPIlicense:
•Services enabling cash to be placed on a payment account as well as all the operationsrequired for operating a payment account •Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account •Executing payment transactions (no credit line) •Issuing and/or acquiring of payment instruments •Money remittance •Payment initiation services •Account information services
Year of company incorporation: 2020
Year of authorisation from FCA: 2020
Fines and warnings from FCA: none
Company activity: the company has NOT started trading yet. Noclients and no transactionsevermade as of May 1, 2022.
Passportation: UKonly
Capital:150,000 GBP–the capital is available onHSBCcompany’sbank account in the UK
Description
The FCA defines an authorised payment institution as an entity that is authorised to make payments and is included in the FCA’s official register of APIs. The definition spans organisations such as credit card processors, payment account operators, remittance operators, foreign exchange businesses, and payment initiation businesses. Now that Safenetpay has evolved from API to EMI, it can issue and hold electronic money.
Permissions available within the API license:
• Services enabling cash to be placed on a payment account as well as all the operations required for
operating a payment account
• Services enabling cash withdrawals from a payment account as well as all the operations required
for operating a payment account
• Executing payment transactions (no credit line)
• Issuing and/or acquiring of payment instruments
• Money remittance
• Payment initiation services
• Account information services
Year of company incorporation: 2020
Year of authorisation from FCA: 2020
Fines and warnings from FCA: none
Company activity: the company has NOT started trading yet. No clients and no transactions ever made as of May 1, 2022.
Passportation: UK only
Capital: 150,000 GBP – the capital is available on HSBC company’s bank account in the UK
Basic Details
Target Price:
₤1,870,000
Gross Revenue
TBA
EBITDA
TBA
Business ID:
L#20220273
Country
United Kingdom
Detail
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