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How to apply for a Hong Kong money service license, commonly known as a currency exchange license (money change shop)?

Financial card care question

Hong Kong Money Services License,Hong Kong Securities and Futures Commission issues 149 license,Hong Kong Insurance Brokerage License,Hong Kong Money Lender License,Hong Kong CRO Certificate of Tax Resident Identity,香港公司注册开户请联系【彭 易 经 理】国际尹先生什么是香港金钱服务牌照在香港,Anyone operating a money service must apply for a license from the Commissioner of Customs and Excise。Any person operating money services without a license in Hong Kong commits an offense。

Money services means currency exchange services or money transfer services。

货币兑换服务(moneychangingservice)是指在香港作为业务经营的货币兑换服务,However, it does not include such services incidental to the main business,For example, a retail business that accepts foreign currency in transactions or is so operated by a person who manages a hotel、Services that meet the description below:

  1. The service operates on the hotel's premises,Mainly for the convenience of customers staying in the hotel;
  2. Only includes the person’s purchase of non-Hong Kong dollar currencies for exchange in Hong Kong dollars.。

汇款服务(remittanceservice)指在香港作为业务经营的、Providing one or more than one of the following transaction services:

  1. Send money or arrange for money to be sent outside Hong Kong;
  2. Receiving or arranging to receive money from a place outside Hong Kong;
  3. Arrange to receive money outside Hong Kong。What kind of companies need to apply for this license?

one、/支付宝的香港代理商目前成为支付(WeChatPay)或支付宝的香港代理商,Holding an MSO license (Hong Kong Money Service Operator License) is one of the necessary conditions。

If you have industry resources in Hong Kong,For example aviation、FOOD、hotel、Chain shopping mall、Travel agents, etc.,Then apply to become/Alipay payment Hong Kong agent,Provide convenient payment methods for merchants in various industries,You can earn settlement commission,Develop a career。2017The annual number of mainland tourists visiting Hong Kong is 18.5 million,Per capita consumption is HKD 7,010,A total of approximately 130 billion in consumption,/Alipay has huge room for development。

two、Cross-border payment、Cross-border fund management platform The domestic cross-border e-commerce market is booming,Chinese companies in Europe in recent years、Amazon in the United States、eBay、Wish、Shopee、Newegg and many other e-commerce platforms open stores for sales,There are currently about 500,000 companies carrying out cross-border e-commerce business。

For these export e-commerce companies,When selling goods on the above-mentioned overseas e-commerce platforms, you need to solve the problem of how to transfer the money back to your company's Hong Kong or domestic bank account.。The cross-border fund management platform can solve the problem of payment collection and foreign exchange settlement for these cross-border e-commerce customers.。

with competitive rates,And faster delivery time than industry competitors,Provide cross-border e-commerce customers with European、US dollars collected by overseas sales platforms such as the United States、EUR、Service for transferring foreign currency funds such as pounds sterling back to designated accounts in Hong Kong or China。By applying for an MSO license,With the help of Hong Kong International Financial Center

Advantages

,Provide quality services to domestic cross-border e-commerce customers。

Similar companies include:Worldfist,Paypal,PingPong et al.。three、Foreign card acquirer Engaging in the foreign card acquirer business can gain income from the exchange difference between currencies,Having a Hong Kong MSO license is one of the current thresholds for engaging in the foreign card acquiring and settlement industry.。

For licensed companies,Hold an MSO license in Hong Kong,You can also use the Hong Kong International Foreign Exchange Center

Advantages

,Work with different banks or foreign exchange brokers to obtain more competitive settlement rates,Increase exchange rate gains in settlement。

Four、Collection and payment company 1、Game payment platform:Currently popular games overseas,Or a domestic agent for high-quality overseas games,All need to provide domestic and overseas players with a high-quality collective payment platform on the game interface.,Offers include Paypal、Applepay、Alipay、and mainstream electronic payment tools popular in Europe, America, Southeast Asia and other regions。

Player game recharge collected by the game payment platform、Income in different currencies from consumption,If the platform holds a Hong Kong MSO license,Then you can easily handle foreign exchange settlement and collection and payment processing.。

  1. Collection and payment for overseas advertising platforms:For cross-border e-commerce or domestic customers,Provide clients with advertising resources from overseas mainstream media,And assist customers in paying foreign exchange advertising fees.,Earn agency spread、Income from exchange differences and handling fees。
  2. Supply chain finance company:Provide supply chain financial services for cross-border e-commerce platforms,Provide export seller credit to upstream and downstream enterprises in the supply chain、export buyer's credit、Buyout of medium and long-term receivables、Domestic insurance, cross-border financing and other financial services,This will involve the collection and payment of foreign exchange.。

five、Customers who hold an MSO license when opening a physical money change shop/exchange bank in Hong Kong,Can apply to open a physical money change shop/exchange bank in Hong Kong,for tourists、Individuals provide exchange and remittance services in different currencies。"Money Service Operator License" is a compliance license issued by the General Department of Customs and Excise of Hong Kong,"Operator" means an individual or person who operates currency exchange services or remittance services in Hong Kong.(enterprise)mechanism。

currency exchange services(moneychangingservice)Refers to currency exchange services carried out as a business in Hong Kong。

Remittance service(remittanceservice)Refers to a business conducted in Hong Kong、Providing one or more than one of the following transaction services:(a)Send money or arrange for money to be sent outside Hong Kong;(b)从香港以外地方收取金钱;(c)Arrange to receive money outside Hong Kong。

申请香港金融牌照的好处香港作为亚洲金融Z主要的市场同时也是全球人民币Z大的离岸中心,Regardless of the maturity of the regulatory framework、Completeness of Public Transactions、Asset management scale and richness of financial products, etc.,They are all at the forefront of the international market and are the first choice platform for many investors.。

every day,RMB 890 billion processed from Hong Kong's real-time payment system,The volume of RMB trade settlement transactions processed through Hong Kong has exceeded 230 million yuan。Hong Kong market implements financial license management system,Enterprises or institutions can conduct stock trading at the same time、financial derivatives、Trading in foreign exchange and gold。

After obtaining the "Hong Kong Money Service Operator License",It means that you have obtained a "pass" in Hong Kong's currency and foreign exchange markets.,Every transaction is subject to supervision by the Hong Kong government,100%Compliance assurance,Whether it is currency exchange services or remittance services,Your funds will be safe。Provide investors with better prices and greater efficiency,and more flexible and convenient financial services。


About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong Kong MSO Licenseandmoneylenders licenseApply for service,Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico,Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services,Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more,Please contactHong Kong Information Communications Consultant

Editing of articles in this issue:

Picture of Chen Weilun

Chen Weilun

Chen Weilun, money service operator in Hong Kong (MSO) Compliance and regulatory practice areas include 12 years of experience。He served as head of the compliance department of the local payment and currency exchange licensing authority,Directly responsible for MSO license application、Anti-money laundering / Customer due diligence system (AML/KYC)、risk assessment design、Establish daily monitoring procedures and communicate with the Customs Department for review and other compliance tasks。

Areas of expertise:MSO license application、AML/KYC system、risk assessment、daily monitoring procedures、Customs Department review communication。

Previous institutions:Hong Kong MSO Payment Institution & Head of Compliance Department

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