Businesses carrying out money transmission have to be registered with or authorised by the Financial Services Authority (FSA) to be able to provide any payment services including money transmission.
To apply to become a payment services institution, follow the link below for more information and an application form from the FSA.
Apply to FSA to become a payment services institution (Opens new window)
You can contact the FSA by email or call the FSA Firm Contact Centre on Tel 0845 606 9966 if you have any queries about the application.
It is a criminal offence under the Payment Services Regulations for businesses to provide money transmission services if they are not registered with the FSA. If you are not included on the FSA Register as a payment services institution you must not provide any form of money transmission services.
