Since its establishment in 2014, Epay has been pursuing the operation principle of legal compliance and excellent service, and has continuously increased its investment in compliance and actively applied for related financial services licenses in many major financial regions around the world.
On February 15th, Epay officially obtained the US MSB financial service license, which indicates that Epay’s financial business is about to enter a new level in the United States.
What is the MSB license?
The US MSB (Money Services Business) license is a financial license supervised and issued by FinCEN(Financial Crimes Enforcement Network,a division of U.S. Department of Treasury) to supervise money service related business and company including international remittances, foreign exchange, currency transactions/transfers (including digital currency/virtual currency), ICO issuance, provision of prepaid items, and issuance of traveler’s checks. Companies engaged in the above related businesses in the United States must apply for an MSB license so that the business can be conducted legally.
The MSB license is highly compatible with the main business of Epay. it will be beneficial to the further development of Epay’s business in the United States. At present, Epay offers a variety of international mainstream currency-related services including US Dollar, EUR, GBP, HKD, JPY, AUD, etc. Users can easily do global remittance, currency exchange, online replenishment and other transactions through Epay platform.
In addition to the US MSB and Hong Kong financial services licenses, Epay has submitted relevant license applications in various major financial regions around the world.
At the same time, By strict risk control and auditing standards, Epay has continuously introduced qualified remittance providers, and gradually established a comprehensive and compliant operating system to ensure the safety of every payment in the platform.
Starting with the successful acquisition of the MSB license, Epay will continue to increase its global compliance investment, bringing a more convenient, safe and quality service experience to users and partners around the world.