PhotonPay receives US state money transmitter licence

PhotonPay has secured a wealth transmitter licence (MTL) from US authorities fiscal regulator, allowing the institution to widen its outgo and funds transportation offerings successful the region.

The MTL is simply a regulatory request for businesses progressive successful moving wealth oregon providing related outgo services astatine the authorities level.

This caller licence follows PhotonPay’s anterior registration arsenic a Money Services Business (MSB) with the US Financial Crimes Enforcement Network (FinCEN).

PhotonPay said that together, the MSB and MTL approvals presumption it to further make its operations successful the US payments market.

The institution besides reported enhancements successful procedures specified arsenic lawsuit and concern verification (KYC, KYB), anti-money laundering measures, information security, and transaction monitoring to enactment regulatory requirements and operational reliability.

Besides, it is moving connected obtaining applicable licences successful different regions, including Asia-Pacific, Europe, the Middle East, and further parts of the Americas.

PhotonPay Group main compliance serviceman JP said: "The U.S. regulatory scenery is characterised by its sophistication and structural complexity.

"Securing this further MTL licence is much than a milestone; it fortifies our compliance architecture and reflects our unwavering committedness to hazard management. We are convinced that synergising compliance with merchandise innovation is the lone mode to present the secure, seamless fiscal services our planetary clients demand."

In November 2025, PhotonPay participated successful Circle’s Arc nationalist testnet.

The Arc nationalist testnet is described arsenic an open, developer-friendly Layer-1 blockchain that aims to integrate real-world economical enactment on-chain and germinate into an economical operating strategy (OS) for the internet.

"PhotonPay receives US authorities wealth transmitter licence " was primitively created and published by Electronic Payments International, a GlobalData owned brand.

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