PSP Licensed Firm in Dominica: Features of Permission and Structure

March 3, 2022
from a digital currency platform to a bank the revolut story

Payment Service Organizations (PSPs) appear in financial market and operate under appropriate normative Act. These companies are legal entities. They are entitled making payments according to their registration and licensing. The main task of payment company is to become financial intermediary to help in the implementation of customer transactions. PSP licensed firm in Dominica – a way to get great stable profit. This is a kind of channel for the movement of money that does not belong directly to the payment company.

A payment company can become an organizer: collect utility bills and further distribute money between companies that provide utility services, accept payments for third parties (for example, an online store or mobile operators). They can also offer to make money transfers between financial structures in different areas at the expense of personal funds.

  1. Payment by electronic means for any services or products.
  2. Accumulation of funds from the mass of small payments.
  3. The division of large sums and the use of parts for different purposes.
  4. Currency exchange of electronic funds.
  5. Long-term storage of funds.
  6. Mutual settlements with suppliers who are the company’s clients.
  7. Exchange of E-money for real cash to your bank account.

Organization provided: PSP licensed firm in Dominica for sale

The company is located in the Jurisdiction of the Caribbean, Dominica. The mediator grants permission for unlimited intermediation of Fintec Special internationally. Perfect for ICO or other E-money management.

Proposal includes the following items.

  • Authorization that lasted more than 2 years.
  • Fully regulated and net balance sheet without obligation and in great shape.
  • Small capital.

Also check out the additional features.

  1. The company has the right to be an intermediary (ICO, digital payments, payments, storage of valuables, etc.).
  2. A good offer for fintech companies that are associated with cryptographic currency markets or other intermediary activities in digital assets field.
  3. Fast company transmitting process, only 7 days.
  4. Customer number for providing data on AML/CFT, for registration in former Soviet Union.
  5. The license makes it possible to make payments to third parties without any restrictions.
  6. MSB Special Permit for Intermediary Services, renewable annually.

Intending to implenment your own commercial ideas, consider ready businesses for sale. ELI Deal will advises you on any issue, and offers a lot of deals in certain directions, for example, “MSB (Money Service Business License) Canada”, “Bank with Crypto License”, “Class A bank license” and many others.

Conact us the way that is more convenient for you.

Related insights

Classic Trust in British Virgin Islands

In the consistently developing field of worldwide money and home preparation, the BVI region has hardened their standing as a head expert for laying out trusts. With a celebrated history going back hundreds of years, the idea of trust, amicably entwined with the cutting edge legitimate and commerce framework of the BVI, keeps on drawing…

Read more 14.09.2023

PSP license in Germany

Germany, as the largest and most stable economy in the Euro Zone, presents lucrative opportunities for businesses seeking to establish a presence in the country. This comprehensive guide outlines the process of obtaining a PSP license in Germany and emphasizes the advantages of operating a payment service provider license in Germany within this business-friendly and…

Read more 11.09.2023

VASP license in Guernsey

In the ever-evolving realm of the digital economy, VASPs have emerged as pivotal players in the world of virtual assets. Key to legitimacy of their turnover is the acquisition of a VASP license—a regulatory prerequisite that establishes a structured framework for offering virtual asset options. Guernsey, a prominent international monetary hub, has positioned itself as…

Read more 11.09.2023

How to make a St.Kitts and Nevis Trust in 2023

In the ever-evolving landscape of off-shore economic planning, inducting a St. Kitts and Nevis Trust in 2023 presents you a unique opportunity to safeguard your assets and diversify your holdings. By drawing from a plethora of reputable sources and the latest insights, this guide will navigate you through the intricate process of crafting a trust…

Read more 07.09.2023

Crypto regulation in Namibia 2023

In the heart of southern Africa, Namibia is embarking on a transformative journey through the intricate landscape of cryptocurrency regulation in the year 2023. As digital currencies and blockchain technology continue to redefine the global financial paradigm, nations across the world are grappling with the dual challenge of embracing innovation while safeguarding the integrity of…

Read more 07.09.2023

Cryptolicense in Australia

The use of digital-currency are topic to oversight to assure buyer conservation, monetary stability, and prevention of illicit actions. This article explores the current state of cryptos controller and licensing in country. Structure of Ordinance Country has taken a proactive antidote towards crypto-regulation, aiming to strike a balance between facilitating novation and safeguarding the interests…

Read more 06.09.2023

Crowfunding program in South Africa

In recent years, crowfunding has emerged as a powerful tool for individuals, and district initiatives to access funding and turn their innovative ideas into reality. South Africa, with its dynamic and diverse economy, has witnessed the development of crowfunding programs that furnish a unique avenue for raising capital and promoting socio-economic development. This article delves…

Read more 30.08.2023

Crypto regulation in Cayman Islands

The region’s leadership is improving the legislative framework, which will help attract crypto-assets and other instruments from companies in this field. Today, the Caymans are considered one of the main points on the globe where not only investment funds, but also the fintech industry is actively developing. For companies from this sphere, it is a…

Read more 30.08.2023

Offshore VASP license

In the dynamic landscape of the digital economy, Virtual Asset Service Providers (VASPs) have emerged as crucial intermediaries facilitating the seamless exchange of virtual acquisitions, such as cryptocurrencies. The regulatory framework surrounding VASPs has evolved rapidly to ensure economic security, combat illicit activities, and foster innovation. One avenue that has gained prominence is obtaining a…

Read more 30.08.2023

Create a trust in Luxembourg

In the intricate landscape of global finance, the small European nation of Luxembourg has emerged as a beacon of stability and sophistication. With a well-established reputation for economic services, governance offers an ideal surroundings for individuals and families seeking to rescue, manage, and optimize their wealth through the association of beliefs. This article delves into…

Read more 30.08.2023

Creation of a Trust in the Cayman Islands

Before setting up a trust, the co-founders of such corps conduct a thorough regional analysis and select the most attractive parts to work in. For most, it is more usual to choose regions with which they have previously dealt or know the specifics of local regulators. Others are guided by feedback from partners and choose…

Read more 30.08.2023

Gaming license in Comoros 2023

The gaming-assiduousness is actively developing and every year there are more and more legal entities that would like to work in this niche. Therefore, more and more online-casinos and betting-services appear. When corporation representatives consider the prospect of starting to work in this market, they need to decide on the place of registration of the…

Read more 30.08.2023