UK Small Payment Institution for sale

Exclusive Opportunity: UK Small Payment Institution License for Sale

In the dynamic financial services market, a rare opportunity has emerged to acquire a UK Small Payment Institution License. A first in the market for some time. This unique offering is ideal for a visionary buyer keen on developing its potential. For detailed information, feel free to reach out at connect@swissfintechpro.com

Overview of the Small Payment Institution UK

This institution, regulated by the Financial Conduct Authority (FCA), is authorized to provide a variety of financial services.

The scope of services includes:

• Remittance and payment processing
• Operating payment accounts
• Money transfer and currency exchange services under HMRC for a Money Service Business License

Scope of Authorizations

The license covers a comprehensive range of services:

• Services enabling cash placement and withdrawals from payment accounts
• Execution of payment transactions, with or without credit lines
• Issuing of payment instruments and acquiring payment transactions
• Money remittance

Note: The Small Payment Institution license is granted to companies whose annual turnover does not exceed 3 million euros per month or 36,000 CHF.

Key Features

• Established PI safeguarding bank in the UK
• An FX partner is included in the setup
• Despite minimal turnover (200k per annum), the institution has been established for 3 years
• Currently, there are no customers, offering a clean slate for new ownership

Investment and Purchase Details

The sale and purchase price for this unique license is set at 225k GBP. Prospective buyers are required to show proof of funds. For more detailed information and to discuss this opportunity further, please contact connect@swissfintechpro.com .

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In summary, this sale represents a singular chance to acquire a Small Payment Institution License in the UK, a rare find in today’s market. Its versatility in services, makes it a valuable asset for any serious investor in the financial sector. The potential for growth and development is significant, especially for those with the vision and resources to expand its capabilities. Seize this unique opportunity to make a mark in the financial world.