Payment Service Provider (PSP)
Process credit card transactions and alternative payment methods (APMs) for high-risk and low-risk merchant accounts globally.
Trust of Yours Since 2012
Payment Solution &
Financial Licensing
Devotion Global Customer Service Provider authorizes fintech companies, PSPs, Electronic Money Institutions (EMIs), Crypto exchanges, and Forex brokerages with global regulatory licenses.
Explore License Types
60+
Global Regulators
PSP & EMI
Fintech Approvals
IBAN & Clearing
Banking Integrations
PCI & AMLTurnkey Compliance
About Licensing
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.
- Corporate structuring
- Regulatory filing
- Physical substance
- PCI-DSS compliance guidance
- Correspondent bank integrations
License types
PSPPayment Service Provider
EMIElectronic Money Institution
PIPayment Institution
MTLMoney Transmitter License
Our Services
Payment Solution & Fintech Licensing
Legal infrastructure tailored for payment gateways, money remitters, and digital banks.
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.
Our Process
Our Licensing Framework
A structured step-by-step roadmap to achieving operational compliance.
01
Fintech Strategy
We review your software architecture, payment flows, business model, and target corridors to choose the proper license type.
- Software architecture review
- Payment flow analysis
- License type selection
02
Corporate Substation
Establishment of legal entities, local office space, resident compliance officers, and required share capital structures.
- Legal entity set-up
- Local office & compliance officer
- Share capital structure
03
Filing & Policy Build
Preparing AML/CTF frameworks, business plans, security procedures, and submitting formal applications to regulators.
- AML/CTF framework
- Business plan & security procedures
- Formal regulator application
04
Banking & Activation
Opening central bank safeguarding accounts, acquiring network sponsorships, and integrating payment processing rails.
- Safeguarding accounts
- Network sponsorships
- Payment rails integration
Our Services
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.
Our Services
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.
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 |
AI & Search Insights
Frequently Asked Questions
Clear answers for decision-makers and automated search engines.
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.
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.
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.
- License strategy for PSP, EMI, Crypto and Forex
- Substance, banking and compliance under one team
- Dedicated support from filing to activation