Argentina PSP
Company setup with Payment Service Provider (PSP) CP License (gaming & gambling friendly) in Argentina; regulated by BCRA.
Payment Service Providers that offer payment accounts:
- IBAN issuing (CVU), send, receive and transfer.
- Local ARS, instant transfer & USD account.
- Prepaid & Debit cards issuing.
- Card acquiring, card processing.
Payment Service Providers (MSB) in Argentina offer a range of services including IBAN issuing (CVU), sending, receiving, and transferring funds, as well as providing local ARS, instant transfers, and USD accounts.
PSPCP License in Argentina allows for the following:
- Opening and Managing Payment Accounts
- Processing Payments
- Issuing Payment Instruments
- Enabling Electronic Transfers
- Providing Payment Gateway Services
PSP cost: from 34.385 EUR
*Time line : 3 months
**At present, the PSPs in Argentina are regulated to process transactions only in Argentine Pesos (ARS). However, there is significant pressure on the BCRA to allow these companies to issue CVUs (IBANs) in USD as well. This regulatory change is anticipated soon (Q4 2024 - Q1 2025) and will position PSPs to meet the requirements for USD transactions.
Once restrictions are lifted, the demand for PSPs will increase, likely driving up costs and extending timelines. By booking a PSP now, you can lock in the current pricing and ensure readiness to leverage USD processing capabilities as soon as they become available.
Brazil EMI
Company setup with EMI License in Brazil.
Brazil:
EMI (Electronic Money Institution) License: 88.650 EUR
Payment Institution with EMI activities including: E-Wallets, Cross-border Transactions, and Merchant Acquiring.
• Incorporation of a Limited Liability Company;
• Shareholders' Agreement - Drafting and negotiation of the shareholders' agreement;
• Obtaining a CNPJ for the Foreign Shareholders and Registration with the Central Bank;
• Analyze the adherence of your group within the Brazilian Central Bank requirements;
• Conduct the entire authorization application process with the Central Bank so that you may act as a Payment Acquirer.
Mexico MTO
Company setup with MTO License in Mexico.
MEXICO:
Money Transmitter
with Physical Operations (MSB): 51.635 EUR
MTPO: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with a physical branch and in-person clients.
• Business Model
• Preparation of the infrastructure.
• Iteration of the documentation
• Coordination for obtaining the technical opinion.
• Written request (formal)
*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.
MEXICO:
Money Transmitter with Digital Operations (MSB): 68.885 EUR
MTDO: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with non-face-to-face digital operations (approximate monthly limit of USD 5K to 7K per user, regardless of the number of operations and is per month; limited to natural and legal clients of Mexican nationality; clients of foreign nationality will only be able to make purchases through physical/face-to-face channels).
• Business Model
• Preparation of the infrastructure.
• Iteration of the documentation
• Coordination for obtaining the technical opinion.
• Written request (formal)
*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.
MEXICO:
Electronic Payment Fund Institution (IFPE): 218.385 EUR
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Includes MTDO operations without limits, as well as custody of fiat, stablecoins, BTC via a wallet, card issuance, card payment processing.
• Fintech Model
• Preparation of the legal infrastructure
• Iteration of the documentation
• Submission of the application for authorization
• Venting, preparation and iteration of observations (up to 2 rounds)
• Request for additional authorizations.
• Training in how to lobby for your project
Cost Breakdown:
• Integration of the file 73.025 EUR
• Release of Observations 18.975 EUR
• Clearance of authorization for the start of operations 14.835 EUR
• Request for additional permits 8.338 EUR
• Request for direct connection to SPEI 103.212 EUR
MEXICO:
Legal Exchange Infrastructure
with Physical Operations (MSB): 51.635 EUR
Money Transmitter with physical operations: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with a physical branch and in-person clients.
• Business Model
• Preparation of the infrastructure.
• Iteration of the documentation
• Coordination for obtaining the technical opinion.
• Written request (formal)
*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.
Time Line:
MEXICO:
Legal Exchange Infrastructure
with Digital Operations (MSB): 68.885 EUR
Money Transmitter with digital operations: Allows sending of resources (Fiat, BTC, Alt coins and Stable coins) with non-face-to-face digital operations (approximate monthly limit of USD 5K to 7K per user, regardless of the number of operations and is per month; limited to natural and legal clients of Mexican nationality; clients of foreign nationality will only be able to make purchases through physical/face-to-face channels).
• Business Model
• Preparation of the infrastructure.
• Iteration of the documentation
• Coordination for obtaining the technical opinion.
• Written request (formal)
*We will guide you through the services that your Money Transmitter can offer, and we will make recommendations for optimizing the platform in terms of the Law and its general provisions.
Time Line:
