HOMEWORK BEFORE YOU APPLY FOR A LICENSE UNDER THE PAYMENT SERVICES ACT
Many payment service providers (“PSPs”) are preparing to apply for a license under the PS Act. However, the decision to apply for a license triggers significant expense in terms of management time, financial cost and general operational flexibility. As a result, below we discuss some of the issues PSPs should consider prior to taking the licensing plunge.
To read further, click the button below. To request help to apply for a license, click here.