A unique opportunity to purchase and operate an online payment, debit cards and money transfer business in Singapore. One of our clients is selling this ready made and to operate company. The reason for the sale is that our clients has started 3 similar businesses one in UK one in Europe and one in Singapore. The investment required in UK and Europe made it impossible for him to start Singapore operations now those the reason for the sale of this ready made. Do not hesitate to contact me if you want more information on this matter at [email protected]
The Company for sale is a Singapore registered Online Payment, E-Wallet & Debit Card Business. The business is supervised by the Singapore Regulator MAS and comes with full online banking software, AML & KYC manuals and a customer debit card program etc. The Company has SWIFT/BIC membership and can offer clients IBAN accounts in addition.
The business is set up as an online deposit and payment clearing operation and offer clients multi-currency accounts, including term deposit accounts.
The Company further offer clients debit cards, both virtual and plastic, as well as global money transfer services. The Company’s website is available in English, Russian and Chinese languages;
This is a unique one off global payments, debit card service, e-wallet and money transfer business.
The owner also has the option to offer High Yield Term Deposit accounts (interest rates of course still possible to adjust according to a new owner’s requirements etc), which is a unique feature of this business attracting substantial deposits. All funds are held in segregated accounts in AAA rated onshore bank.
This business is ready to launch and includes first class marketing strategies. Please note that the Company has to check all depositors opening accounts with over S$ 1,000.
Please also note there are no limits on deposits as long as the client have passed full AML & KYC checks. The business can be run from any global location but has it’s registered office in Singapore.
The only regulatory limitation is the Company cannot hold more than S$30 mill overnight, however, this can be increased to unlimited with an extension of the MAS supervision and registration requirements.
This ready made company is for sale for 525000 euros
Do not hesitate to contact me if you want more information on this matter at [email protected]