Devotion Global CSP

What is a Payment Solution License by Devotion Global?

A Payment Solution License (such as a PSP, EMI, PI, or Money Transmitter License) allows companies to process online merchant transactions, issue electronic money/IBANs, provide e-wallets, and facilitate international cross-border fund transfers legally. Devotion Global delivers complete turnkey setups including corporate structuring, regulatory filing, physical substance, PCI-DSS compliance guidance, and correspondent bank integrations globally.

PSP & EMI

Fintech Approvals

60+

Global Regulators

IBAN & Clearing

Banking Integrations

PCI & AML

Turnkey Compliance

Payment Solution & Fintech Licensing

Legal infrastructure tailored for payment gateways, money remitters, and digital banks.

Payment Service Provider (PSP)

Process credit card transactions and alternative payment methods (APMs) for high-risk and low-risk merchant accounts globally.

Electronic Money Institution (EMI)

Issue e-money, create multi-currency virtual IBANs, offer prepaid cards, and operate digital wallet accounts for retail and business clients.

Payment Institution (PI) License

Authorize money remittance, direct debits, credit transfers, and account information services (Open Banking / PSD2 standard).

Money Transmitter License (MTL)

Secure regulatory permission for cross-border money transfers, peer-to-peer payout solutions, and currency conversion operations.

Cryptocurrency & VASP Licensing

Regulatory frameworks for digital asset exchanges, Web3 companies, and custodians.

VASP Exchange Registration

Legal setups in Lithuania, Dubai (VARA), El Salvador, or Czech Republic for crypto-to-fiat trading platforms.

Crypto Merchant & Off-Ramp

Integrate crypto payment gateways with card-to-crypto buying infrastructure and auto-fiat settlements.

Custodial Wallet Licensing

Authorizations to securely store client digital assets with cold-storage compliance and insurance protocols.

Forex Broker Licensing Solutions

Turnkey offshore and onshore licensing for international brokerage companies.

Offshore Forex Setup

Incorporate and license in Mauritius (FSC), Vanuatu (VFSC), or Seychelles (FSA) with reduced capital overheads.

Tier-1 Onshore Setup

Full-scale regulatory approvals in Cyprus (CySEC), the UK (FCA), or Labuan (LFSA) for enterprise credibility.

Liquidity & Tech Bridge

Connecting your licensed entity with MT4/MT5/cTrader platforms, CRM systems, and Liquidity Providers.

Our Licensing Framework

A structured step-by-step roadmap to achieving operational compliance.

Fintech Strategy

We review your software architecture, payment flows, business model, and target corridors to choose the proper license type.

Corporate Substation

Establishment of legal entities, local office space, resident compliance officers, and required share capital structures.

Filing & Policy Build

Preparing AML/CTF frameworks, business plans, security procedures, and submitting formal applications to regulators.

Banking & Activation

Opening central bank safeguarding accounts, acquiring network sponsorships, and integrating payment processing rails.

Fintech License Comparison Matrix

Evaluate timelines, requirements, and scope across payment, crypto, and FX jurisdictions.

Jurisdiction	License Sector	Scope of Authority	Est. Timeline	Capital Need
Lithuania (Bank of Lithuania)	Payment / EMI	E-Money, IBAN Issuance, Passporting	6 - 10 Months	High (€350k for EMI)
United Kingdom (FCA)	API / Small Payment Inst.	Remittance & Payment Processing	4 - 8 Months	Moderate
Canada (FINTRAC)	MSB / Payment / Crypto	Foreign Exchange & Money Transfer	2 - 3 Months	Low
Dubai (VARA / CBUAE)	Crypto & Payment	Virtual Assets & Payment Gateway	4 - 6 Months	High
Vanuatu (VFSC)	Forex Brokerage	Financial FX Dealing	2 - 3 Months	Low

Frequently Asked Questions

Answers to common regulatory, capital, and operational questions for payment providers.

What is the difference between a PSP and an EMI license?

A Payment Service Provider (PSP/PI) license allows a business to process transactions, accept merchant payments, and transfer money. An Electronic Money Institution (EMI) license includes all PSP capabilities plus the legal right to store client funds long-term, issue electronic wallets, and issue digital IBAN accounts.

What is a Safeguarding Account in payment licensing?

Regulated payment institutions are required to keep client funds separate from company operational funds. A safeguarding account is a dedicated account held at a credit institution (or central bank) to guarantee client money safety in case of insolvency.

Can a single company hold both Payment and Crypto licenses?

Yes. Many modern fintechs obtain hybrid authorization—such as an EMI or MSB license combined with a VASP crypto registration—allowing seamless fiat-to-crypto transactions and cross-border digital settlement within one platform.

Launch Your Payment Solution With Devotion Global

Speak with our corporate licensing team to structure your PSP, EMI, Crypto Exchange, or Forex brokerage today.

Consult an Expert Today

Payment Solution & Financial Licensing