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
17 September 2019

Cryptocurrency Regulation in the UK

The UK has been well established as one of the leaders in Fintech innovation, and the place to be for financial entrepreneurs; however, when it comes to
17 September 2019

Swift publishes new API standard

Banking cooperative Swift has published a new API standard for the pre-authorisation of funds in its latest bid to bring more efficiency to open banking in Europe.
17 September 2019

Swiss Regulator Licenses Two New Blockchain Companies as It Shores up Legal Requirements

Swiss financial authority FINMA offered guidance this week on anti-money laundering (AML) requirements for blockchain-based companies even as it granted broker-dealer licenses to two new blockchain companies.
14 September 2019

Cash in today's world – the times they are a-changin'

An overview of trends and developments with great impact over the use of cash in commerce Cash – alive and kicking Most of the times, cash is