United Kingdom API Money Remittance Business
United Kingdom – API Money Remittance Business
Main Details:
• UK-authorised Authorised Payment Institution (API)
• Focused on low-value cross-border remittances
• Active corridors include India, Bangladesh, Pakistan, Sri Lanka, and nearly 40 additional countries
• Transaction volumes currently minimal
Authorized Activities:
• Money remittance services
• Low-value international payments via API-based model
Operations & Technology:
• Proprietary in-house developed software
• Basic version of the platform transferable as part of the transaction
Banking & Safeguarding:
• Banking and safeguarding arranged via EM bank in Lithuania
Team & Compliance:
• One active employee
- Acting MLRO
- Will remain post-transaction
• Clean regulatory history
- No fines
- No outstanding liabilities
Regulatory & Capital:
• Share capital: €20,000
• Current capital requirement: €20,000
Additional Information:
• Financial information available upon request after NDA/KYC
Financials (USD)
Asking Price Not Disclosed
Converted From EUR
Exchange Rate $1.17
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