Seychelles Payment Service Providers License

A Payment Service Providers licence may be issued to an applicant who meets the following criteria:

1. is a company incorporated under the Companies Act
2. is financially sound
3. has in place a robust mechanism for safeguarding funds
4. has in place adequate governance arrangements for its proposed payment services business
5. has clear rules for handling of complaints arising out of or in connection with the proposed payment services
6. has safe and reliable Information Technology
7. has an adequate number of well-trained and competent staff and management
8. has directors of good character and relevant professional experience