How to Obtain a Payment Institution License in Canada in 2 Weeks
When starting a payment institution or financial service business, one of the biggest challenges can be navigating the licensing process. However, if you’re in a hurry, you can opt for a pre-obtained MSB License, which allows you to fast-track your operations.
In this post, we’ll explain what a pre-obtained MSB License is and how it can help you start your business quickly and legally.
In this post, we’ll explain what a pre-obtained MSB License is and how it can help you start your business quickly and legally.
What is a Pre-obtained MSB License?
A pre-obtained MSB License is essentially an MSB License that has already been granted to another entity and can be transferred to your business. This means you can bypass the lengthy application process and get started within two weeks.
Benefits of a Pre-obtained MSB License
- Speed: Instead of waiting for months to get your license, you can start your operations much sooner, sometimes in just 2 weeks.
- Global Remittance Services: Offer global money transfers and currency exchange right away.
- Banking Provider Support: Gain access to reputable banking institutions to manage your transactions.
How to Obtain a Pre-obtained MSB License
To acquire a pre-obtained MSB License, you need to find a service provider that has access to licenses that can be transferred. Typically, these providers offer the license along with compliance assistance to ensure that your business remains within regulatory frameworks.
Is It Right for You?
If you need to launch your payment institution quickly and don’t have the time to go through the standard licensing process, a pre-obtained MSB License is an ideal solution. However, it’s crucial to ensure that the license meets all of your business requirements and that it’s fully compliant with Canadian regulations.
Want to start your business quickly? Book a free consultation with our team to learn how a pre-obtained MSB License can benefit you
