Today’s global marketplace offers many opportunities for savvy companies willing to reach outside of their domestic region. You may want to move into new markets, but the complex requirements and barriers to entry prevent you from growing at your intended pace.
Whether you’re a bank in Europe wanting to expand into Asia-Pacific or a payment service provider setting up in a single country, RPY Innovations has the experience and contacts to facilitate the necessary discussions and guide you through the regulations and requirements.
Read on to see how RPY Innovations can address your international expansion objectives.
Get Help With the Payment Institution Licensing Process
Payment Institution licenses are issued in Europe by each country’s Financial Services Authorities for acquiring and issuing companies. Getting your company ready to pass licensing by the FSA is a complex process, especially if this is your first time moving into international payments. RPY Innovations prepares you for this process by working with you to meet the necessary requirements in these key areas:
Risk management procedures
Money laundering controls and management policies
Payment Institution Licenses
As a retailer, you know contracting with a domestic acquirer or PSP gets you lower interchange rates and high approval percentages. Finding these connections is difficult when you don’t have existing contacts in a particular region, or you’re unable to find the ones that meet your payment requirements. RPY Innovations will help you find the acquirers with the right payment types and currencies to fit into your business plans.
International Merchant Accounts
Get the Foreign Exchange Technologies Required to Manage Multiple and Specific Local Currencies
Are you able to work with receivables in multiple currencies or keep up with the current exchange rates? RPY Innovations will help you find a foreign exchange technology to help you manage multiple or specific local currencies. You no longer need to worry about currency fluctuation throughout the life cycle of the transaction because we can introduce firms that deliver daily exchange rate pairs. You can keep your accounting system in one domestic currency while meeting your customer’s purchasing requirements.
Traditional credit and debit cards are used predominantly in the United States and United Kingdom, but consumers in other countries have their own local preferences. You’ll limit your sales in these countries if you don’t accept commonly-used payment types. RPY Innovations will identify the payment types that give you the country presence you need, then connect you to the organizations handling these payment types on a local, regional and international level. You can focus on other logistical concerns associated with going global – we have you covered on the payments front. Text