Payment & Banking

Hong Kong Stored Value Facility, SVF) licensing system is implemented by the Monetary Authority in accordance with the Hong Kong Payment Systems and Stored Value Facilities Ordinance (Chapter 584). Non-bank applicants must judge whether to issue or promote the issuance of multi-purpose SVF in Hong Kong based on the actual product, and continue to comply with the subject, Main business, financial resources, personnel, Float protection, AML/CFT, Requirements such as risk management and technical security. Hong Kong Huitong can assist in business characterization according to the agreed scope., Application information list, Compilation of policy documents and inquiry responses; Is it regulated?, Whether to accept an application and whether to issue a license shall be determined by the Monetary Authority in accordance with the law., Decision on application facts and review results.

Japanese Funds Transfer Industry (FTS) License (also known as Japanese Payment License, Capital Movement Industry Registration, or cross-border remittance license) is regulated by the Japan Financial Services Agency (FSA) in accordance with the law. In recent years, the Fund Settlement Law has undergone several rounds of revisions., Digital wages have been officially lifted, and fully incorporate cross-border collection agency business into the regulatory system. Hong Kong Express provides applying entities with coverage of local corporate establishment, Fund preservation (Safeguarding) structure construction, Full-case legal compliance agency services for executive qualification review and anti-money laundering (AML/CFT) system implementation.

Japan's electronic settlement and other agency industries (API/EPS) and electronic payment means trading industry (EPIESP) are strictly regulated by the Japan Financial Services Agency (FSA) and the Banking Law that took effect in 2018. The core function of this license is to allow non-bank third-party institutions (such as FinTech companies) to, Through API (application programming interface) and other technical means, Securely connect to banking systems, Execute asset inquiries or transfer instructions on behalf of users. Hong Kong Express provides application entities with coverage of local corporate establishment (KK), Legal isolation of client funds, Full-case legal compliance and implementation agency services for executive fitness (Fit and Proper) review and anti-money laundering (AML/CFT) framework construction.

Japanese money lending and consumer credit license (legal name "Loan Gold Industry Registration", The practical general abbreviation of MLA license) is regulated by the Japan Financial Services Agency (FSA) and local finance bureaus in accordance with the "Gold Loan Business Law", And it is subject to industry self-discipline management by the Japan Financial Services Association (JFSA). Approved "loan operators" are legally entitled to provide consumer credit, Corporate finance and secured loan franchises. Unified substantive access standards apply to applications by foreign-invested entities, However, special procedures apply to identity and nationality verification and overseas criminal penetration review.. Hong Kong Express provides applying entities with coverage of Japanese corporate establishment, 5000Ten thousand yen net assets compliance capital verification, Daily processing of foreigners’ alternative affidavits and residence status materials, Full-case legal compliance agency services for the implementation of anti-money laundering (AML/CFT) system.

Except for the exemptions set out in the Money Lenders Ordinance and its Schedules, Any person carrying on money lender business in Hong Kong must obtain a license. Licensing Tribunal Determination and Licensing, Companies Registry Money Lenders Registry Processing Applications, renewals, Endorsement and registration, The police are responsible for investigation and enforcement. Hong Kong Express can assist with data preparation, However, it cannot make decisions on behalf of relevant authorities or guarantee approval..

Malta Payment Institutions (PI) are authorized and supervised by the Malta Financial Services Authority (MFSA) in accordance with the Financial Institutions Act and applicable EU payment services rules, Can provide approved payment services but cannot issue electronic money. MiCA authorization for crypto-asset companies should not be written as a PI approval case, PI also does not automatically cover stablecoin or crypto asset services. Applicants must prove capital based on actual activities, governance, Malta practical management, client-funds safeguarding, AML/CFT, ICT and outsourcing arrangements.

The Cyprus Electronic Money Institution (EMI) is authorized and supervised by the Central Bank of Cyprus (CBC) in accordance with the law.. The core legal basis is the Electronic Currency Law of 2012 and 2018 (Law 81(I)/2012) and the Payment Services Act 2018 (Law 31(I)/2018), The EU EMD2 and PSD2 directives have been translated into domestic law. After the approved institution registers with the European Banking Authority (EBA), Provide electronic money and payment services in accordance with the law within the European Economic Area (EEA). Statutory application requirements include: 35Minimum initial paid-in capital of 10,000 euros, 100% Customer fund isolation (Safeguarding) mechanism, Establishing a legal person in Cyprus, Registration and Head Office, and conduct at least part of the electronic money or related payment business locally, At the same time, establish governance and eligibility arrangements that meet CBC requirements.. Cyprus will apply a corporate income tax rate of 15% from January 1, 2026, and supports “EMI + CASP” Dual License Collaborative Architecture. Hong Kong Huitong provides coverage for corporate establishment, Fit & Proper) review coaching, Business operations plan (PoO) compilation and statutory agency services for CBC regulatory interview agents.

Hong Kong Customs supervises money service operators in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance. Subject to applicable exceptions, Operating currency exchange or remittance services in Hong Kong requires an MSO license. Applicant, premises, fit and proper person, Business plans and AML/CFT controls are reviewed against actual models; Hong Kong Express can assist with data preparation, However, interview arrangements or licensing results cannot be guaranteed..

Singapore Payment Services License (often called MPI License in the industry), SPI license, PSA license or DPT crypto license) is regulated by the Monetary Authority of Singapore (MAS) under the Payment Services Act (PSA). The framework divides the business into standard payment institutions (SPI) and large payment institutions (MPI). 2024 Year 8 Starting from month, MAS implements new review rules, Mandatory submission of professional legal opinions and external independent audit evaluation of DPT business. Access review focuses on local substantive management, authorized capital buffer, Customer fund isolation and anti-money laundering (AML) defense line. Hong Kong Express provides applying entities with coverage of local corporate establishment, Executive fitness review (Fit and Proper), Issuance of legal opinions, Full-case legal agency services for network security audit and MAS administrative interview coaching.

Kazakhstan Payment Services License (Legal name under the AFSA system is "Money Service Provider MSP", Under the onshore NBK system, it is legally called a “payment institution”, In practice, they are often collectively referred to as FSP/PSP licenses) and are strictly subject to Kazakhstan’s dual-track financial regulations.. According to current laws and 2024 Year 7 moon 1 effective on 10 resolution, Industry access is subject to statutory paid-in capital (up to 3 billion tenge or 40 An absolute verification red line has been set up in terms of the substantial performance of duties (Fit and Proper) of core executives.. Hong Kong Express provides applicant entities with statutory assessments covering the dual-track structure, Corporate establishment, Full-case legal agency services for executive qualification review and anti-money laundering (AML/CFT) penetrating verification..