Release of blocked/frozen funds
One of the more unusual services that Porat Group provides is collection services for blocked or unreleased funds in Electronic Money Institutes (EMIs) or with Payment Service Providers (PSPs). These services are vital to any client who: Is facing large amounts of blocked or unreleased funds with their bank, PSP or EMI; Is lacking contact […]
EMIs- General Overview
If you are keen to provide payments services in either fiat currency and/or cryptocurrency and cater to European clients, an EMI license would be an excellent choice, and most extensive one. EMI licenses have gained massive popularity with the emergence of numerous online banks and payment services providers. In fact, an EMI license is the […]
Payment Services Providers License in the UAE
In the UAE, PSPs, or Payment Services Providers, are regulated by the Central Bank (CBUAE). In July 2021, a new regulation overseeing these providers came into force, the Retail Payment Services and Card Schemes (RPSCS) Regulation. This regulation sets out the rules and conditions established by the Central Bank for acquiring and maintaining a license […]
Did you incorporate an offshore company but still have trouble opening a bank account for your company or finding credit card processing solutions?
The banking and payments consultants at Porat Group often hear from clients or potential clients who have incorporated an offshore company, in the hopes of making things easier with regards to both company structuring and payment solutions, only to find that banks are not as forthcoming as they once were, or the client was hoping […]
6 AMLD- the End of Money laundering in the EU as we know it?
While the EU has been busy with the Covid-19 pandemic, ESMA has been busy with the implementation of 5 AMLD by each Member State in the Union, and the EU Commission has been preoccupied by Council of Europe meetings, the implementation of 6 AMLD has been drawing much nearer than anticipated. 5 AMLD has caused […]
Payment processing and clearing
Payment processors or payment service provides (PSP’s) can enable many types of businesses, from e-commerce companies to gaming sites and financial brokers, just to name a few, to receive payments in various forms from their users and clients in a more convenient way. Setting up a vast range of payment methods for your online based […]