Authorized Payment Institution (API) for Sale in the UK

This listing presents an opportunity to acquire an Authorized Payment Institution (API) license in the United Kingdom. The business is described as a 'sleeping' money remittance operation with established corridors to Latin America. It currently handles a limited number of transactions weekly for approximately 5,000 clients and has two employees, including an MLRO. A UK bank account is in place, along with an active EMI bank account. The business capital is £20,000. While the business is currently operating at a low volume, it offers a foundation for a buyer looking to enter or expand within the UK's financial services sector, particularly in cross-border payments and remittances.