UK Small Payment Institution (SPI) License for Sale

Key details

• Sale: licence only
• Directors: two, one of whom is prepared to stay on as MLRO if needed
• Record: no penalties, liabilities or compliance issues

Why a UK SPI licence

• An FCA-regulated structure under which payment services can be offered lawfully in the UK
• Applying is quicker and simpler than for a full API/EMI licence
• Covers many kinds of payment activity, remittances and merchant services among them
• Banks, PSPs and payment networks around the world recognise it
• Operational and capital requirements are lower, but regulatory credibility is kept

Suitable for

• PSPs moving into the UK market
• Fintech start-ups that want FCA registration without a long wait for an application
• Remittance firms focused on UK customers
• Groups growing their existing PSP or fintech business
• Investors looking for a UK-licensed entity that is clean and compliant