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How can I start a money remittance agency in the UK?

/Financial Regulator /Licensing /How can I start a money remittance agency in the UK?
  • January 12, 2019
  • askfaisalkhan
  • Financial Regulator / Licensing

You can do that by going to FCA’s website and then applying for a Small Payment Institution (SPI) License.

The SPI license is the entry point towards starting a money transfer business. Here is a small 2-minute video I made for those interested in knowing the difference between an SPI vs an API (API being an Authorized Payment Institution).

SPI vs API License (UK) – Faisal Khan

Tagged: #askfaisalkhanapiauthorized payment institutionfcasmall payment institutionspiuk

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