Licensed Payment institution in Spain

The institution is licensed for cross-border payment services and passported across the EU. Its main market is money transfer between the EU and Cuba, served by a strong remittance network. It has 12 experienced employees, an active client base and stable revenue from recurring transfers.

Infrastructure

• Direct access to SEPA
• Its own payment software
• Payments accepted by Visa, Mastercard and Trustly
• Payouts as bank deposits, cash pickup, debit card top-ups or airtime

Activities

• Money transfers: customers pay by Visa or Mastercard, or by wire from a European bank account, to send money to family and friends abroad
• Bank deposits: money goes straight into the recipient’s bank account
• Cash pickup: recipients collect cash at numerous partner locations
• Debit card loading: funds go onto debit cards that work at ATMs and in shops
• Airtime top-up: mobile airtime is topped up immediately, through partnerships with hundreds of operators worldwide
• E-commerce: services and solutions for e-commerce, built on over a decade of experience

Note for buyers

More details are shared once the buyer provides a KYC package: an NDA, a passport and proof of funds.