Webinar "Launching a payment business in the EU: licensing and business infrastructure"

In this webinar, Advapay together with the Financial and Capital Market Commission (FKTK), Currencycloud and Wallester, will discuss the entire process of becoming a digital bank, a payment service provider or an e-wallet. The webinar will cover the licensing process, business and payment infrastructure development, payments & currency exchange and card issuing.

Main discussion points:

• What to keep in mind when applying for a license. Licensing process from the regulator’s perspective
• Connecting to SEPA, SWIFT and other payment methods
• Developing partner relations with banks, payment service providers and other third-party providers
• Creation of a global payment network - cross-border payments and FX functionality
• Payment card issuing under your brand

Programme:

16:00 – 16:05 Welcome speech

Moderator: Gustav Korobov, Senior Sales Executive, Advapay

16:05 – 16:25 Get license in Latvia

Speakers:

Marine Krasovska, Director of financial innovations’ department, the Financial and Capital Market Commission (FCMC)

Martins Grakauskis, Chief Supervision Expert of Financial Innovations Department, the Financial and Capital Market Commission (FCMC)

We will discuss what are the benefits getting license in Latvia, licensing process, major requirements, and important issues. Also, we will touch the supervision process and how FCMC may help companies in every step of licensing process.

16:25 – 16:40 Step by step guide to developing your business and payment network

Speaker: Ivan Aleksandrov, Chief Strategy Officer at Advapay

• Opening a safeguarding/corresponding account – main points for consideration.
• Various options to connect to the SEPA scheme – become a SEPA participant, issue virtual IBANs, pursue IBAN sponsorship or become an EMD/PSD Agent.
• How to become a SEPA scheme participant
• Developing partner relations with banks and other third-party providers
• Further business development steps

16:45 – 17:05 Embedding cross-border payments

Speaker: Stephen Lemon, Co-Founder | Vice President | Strategic Partnerships & Corporate Development at Currencycloud

How to simplify business in a multi-currency world and to quickly access virtual named accounts for your customers and collect, convert, pay and manage multiple currencies simultaneously — anywhere in the world.

17:05 – 17:25 Payments cards: from scratch to innovative product

Speaker: Dmitri Logvinenko, Member of the Management Board, CTO, Technical founder at Wallester

In this presentation we will describe processes that surround card issuing such as: card personalisation, fraud monitoring, 3D Secure, payment processing, tokenization. You will learn what your company needs to issue your own payment cards, how to find the appropriate card issuer and how to make this process as smooth as possible.

17:25 Wrap up and final remarks