Homework Before You Apply for a License under the Payment Services Act

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HOMEWORK BEFORE YOU APPLY FOR A LICENSE UNDER THE PAYMENT SERVICES ACT

INTRODUCTION

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.

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