API license for sale enables your firm to deliver a group of services associated with payments within a specified region. These activities can include account opening, processing payments, merchant services, and fund transfers.
What’s covered in the authorized payment institution for sale:
- This is a UK-based PI for sale specializing in card acquiring (using the PayFac model). The company has a well-known brand and a client list.
- API for sale has been licensed for over 5 years. The company currently operates as a PayFac or a collecting PSP.
- The lion’s share of the portfolio is made up of high-risk clientele, primarily from licensed gambling.
- Bank accounts: three in Latvia and Lithuania.
- Partners: three integrated EU acquirers.
The authorized payment institution in the UK for sale is now under Voluntary Application for Imposition of Requirements (VREQ) and can only accept low-risk clients until the VREQ is addressed. To get the VREQ lifted, the new buyer must submit a business plan to the FCA, which will then monitor the company’s activity.
Advantages of choosing the UK for the API License
- Fifth-largest economy in the world
- Low corporate tax
- Cheap overheads
- Access to a highly trained workforce
- Rapid expansion and investment in Fintech sector
- Solid reputation in the sector of finances
If you want to buy an authorized PI in the UK, feel free to contact us for detailed information.
E-mail: Sophie.k@eternitylaw.com
Telegram: @sophieternitylaw