Advapay OÜ

Advapay OÜ is an IT & business consulting company that provides turnkey fintech solutions for regulated payment service providers.

Our goal is to help you in selection of the optimal IT infrastructure and software solution, business model, licensing options, in establishing relationship with banks, external providers of payment services, including card issuers, money transfer systems, etc.

Licensing
License acquisition
  • Choice of jurisdiction
  • Business model development
  • Assistance in company registration and obtaining the licenses
  • Development of internal regulations, including the AML compliance manual etc.
  • Business plan development
  • Assistance in staff recruitment, office administration and maintenance
License management
  • License extension
  • Change of the owner
  • Implementation of a comprehensive automation system (back office, internet and mobile account management versions, AML monitoring etc.)
  • Building a hosting solution, deployment of servers (including PCI DSS-compliant)
  • Design and development of a company website
  • Development of gates with external systems
Support for business
Establishing relationships with partners as part of our program
  • Banks
  • Payment card issuers
  • Internet and mobile acquiring
  • Money transfer systems
  • Payment processing and clearing systems
  • SWIFT
  • Offshore company registration agents
Business process optimization
  • Accounting services
  • Technical support
  • Consultancy support
  • Business development strategy
News
Fintech trends to watch out in 2020
09 December 2019

Fintech trends to watch out in 2020

The evolution of technologies in financial services is expected to accelerate, as the global fintech venture capital (VC) investment has reached .8 billion in 2018, up from
06 December 2019

Fintech market wrap-up, issue 1

Banks are focused on being local, Tech giants – global Banks are focused on making payments more transparent and at a lower cost, therefore they are looking
26 November 2019

E-money Institutions (EMI) vs Payment Institutions (PI) – differences and the most common questions

There are two main types of financial institutions – Authorised Payment Institution (API) and Electronic Money Institution (EMI). Before you apply for a licence, you need to
01 November 2019

EBA calls on EC to boost cross-border banking and payments

Cross-border banking and payment services in the EU are being held back by a lack of regulatory clarity and harmonisation, says the European Banking Authority (EBA). The