Who grants the licence?
Czech National Bank
Who needs the licence?
Everyone who provides payment services. For example the intermediaries of payment services (money orders), operators of payment gateways or other payment solutions, payment wallets, B2B, P2P, P2B applications associated with money transfers between users, providers of currency exchange services and payments abroad (dealers in non-cash foreign exchange), investment crowdfunding, providers of above-the-threshold mobile payments, applications for P2P loans, certain gaming applications, etc. A SSPSP has a volume limit of payments of EUR 36 million in the preceding 12 months (rolling). There is no minimum starting capital set for SSPSP.
What will we do for you?
- we will assign a personal project manager to you, who will attend to you and guide you through the entire licencing process
- we will compile an application and all attachments
- we will create complete internal regulations and procedures, including risk management
- we will compile a business plan and trading forecasts in the form of financial statements
- we will set up the appropriate organisation of internal operation
- we will set up an internal control system
- we will compile measures to combat money-laundering (AML/CFT)
- we will ensure that achievement of compliance and reporting to the Czech National Bank is achieved
- once you have your licence, we will be ready to regularly help you with SSPSP regulation and deal with the Czech National Bank and other regulatory bodies
- turnkey compilation of all documents takes around 1 month
What will we need from you to do all this?
- information about which services you want to provide
- basic information about the focus and manner of providing services
- information about senior management
- information about persons having a qualifying holding and the ultimate owner
- other information according to the type and scope of the application
Who have we already arranged a licence for?
Companies such as Fortissimo spol. s r.o., Upvest, ZFP Payments, Bankerat, Tesco Franchising, Cyrrus FX, EUROEXCHANGE, and Roklen360 have already put their trust in us in arranging a licence with the Czech National Bank. We have arranged a total of 36 SSPSP licences for our clients. You will find more references here.
How much will it cost?
The price depends on the complexity and scope of the licence. You will receive a detailed written offer from us following a telephone or personal consultation.
Do you want a CNB licence?
