EN#0238 – Payment Institution (PI) in Cyprus available for sale
A Payment Service Provider (PSP) regulated by the Central Bank of Cyprus (CBC) is available for sale.
This Cypriot Payment Institution offers the below services:
- Dedicated back office.
- Safeguarding client accounts in Switzerland.
- Overseas transfers via SWIFT and immediate EU payments via SEPA Instant.
- Remote access via their mobile app and website.
- Escrow accounts.
- Dedicated IBAN services for individuals and companies.
Moreover, the PI PSP for sale has the below characteristics:
- Member of the Cyprus Association of Electronic Money And Payment Institutions (ACEMPI)
- Direct Participant of SWIFT EU countries
- Its monthly expenses are €37,000
- Has 11 employees
- Client portfolio contains over 200 clients
Additionally, this PSP for sale has the following banking set-up:
- The institution has five correspondent banks
- Sparkasse Bank Malta Plc
- AS Rietumu Banka
- Latvia AB Mano bancas
- Lithuania UAB Finci
- Lithuania Dukascopy, Swiss
- They also offer multi-currency services, with plans to add a 6th correspondent bank soon, Covera.
For further information on the sale of this Payment Institution for sale in Cyprus, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale service.
SALVUS Funds’ teams can be engaged for guiding on new license authorisations for investment, payments or crypto-asset services, ongoing regulatory compliance consultancy for such licensed entities, and support in successfully acquiring ready-made regulated entities.
#StayAhead
