Once approved this will mark the next step in Hexopay’s journey in becoming a full service global payments provider licensed in multiple jurisdictions to better serve our clients. Increased platform functionality and capability including being able to act as the merchant of record, full multi currency settlement services, providing our own merchant bank accounts and issuing electronic money will enhance Hexopay’s offering in all regions where our customers work.
An application is in progress to become an authorised payment institution regulated by the Financial Conduct Authority (FCA).
A licence application to be recognised by the Central Bank of Cyprus is an Electronic Money Institution (EMI) is also being submitted in parallel with the FCA request.
Hexopay will also be granted a Fintech Licence by the Swiss Financial Market Supervisory Authority (FINMA).
Our Singaporean entity is in the process of becoming an authorised money remittance business licensed by the Monetary Authority of Singapore to expand our global connectivity throughout the region.
United Arab Emirates
Hexopay has established an entity in Dubai to be at the forefront of of the emerging payments and recently regulated crypto space in the Emirates. Applications to support a range of financial service activities are pending approval by the supervisory bodies in the strategically important Gulf state.
Certifications and Security
Hexopay’s proprietary payments platform is fully certified to Payment Card Industry Data Security Standard Level 1. Clients using our Payments Page don’t need to be PCI compliant as we handle the regulatory requirements for you.
When customers’ cardholder payment data is transmitted, processed, or managed via our platform, we take on the role of safeguarding sensitive data against malicious hackers. Additional benefits when descoping your PCI DSS to us include: reduced costs, resources and time. In order to maintain valid certification, we undergo a number of regular vulnerability scans and tests throughout the year. This guarantees that the payments platform meets the most up-to-date PCI requirements.