Sentence examples for payment licenses from inspiring English sources

"If Alipay were illegal or didn't get the license, Taobao would be paralyzed," Mr. Ma said referring to the Chinese government's new requirement regarding online payment licenses.

The act allows banks and non-financial companies to apply for third-party payment licenses.

Once a startup reaches scale, government connections are key to everything from payment licenses to "content management".

In Asia, it is awaiting payment licenses in Japan and Indonesia which will allow it to offer more services in both countries.

For example, the minimum capital for a new startup to apply for a third-party payment license is ten million US dollars.

The exchange's European presence will be anchored in Luxembourg, which is where it was granted its payment license.

Japanese bitcoin and cryptocurrency exchange BitFlyer has expanded into Europe after it landed a payment license to operate across the EU.

The firm is in the process of applying for a virtual banking license in Hong Kong, a third-party payment license in mainland China and a cross-border Chinese yuan license.

However, we have no choice but to suspend processing payments in Turkey as our application for a Turkish payments license has been denied by the local financial regulator and we have been instructed to suspend our Turkish business operations".

A bank account doesn't guarantee its holder has access to financial services, but granting payment bank licenses to tech companies might speed up financial inclusion.

SCO also sent out warning letters to 1,500 large companies, saying their use of Linux without payment of license fees to SCO was illegal.