Compliance as Money Services Business
Pay2mate is a Montana State registered US Corporation. Montana state registered companies do not need a Money Transmitter License as per Montana statute.
Payment services for pay2mate are provided by The Currency Cloud Limited., registered in England with license No. 06323311., Registered Office: The Steward Building 1st Floor, 12 Steward Street London E1 6FQ.
The Currency Cloud Limited is authorized by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). In the US Currency Cloud operates in partnership with CFSB. CFSB fully owns the bank program and services are provided by The Currency Cloud Inc.
Pay2mate is a FinCen registered MSB entity and is not regulated according to the SEC guidelines for Money Services Business". If you have any questions or concerns about the legality of our services, please contact Currency Cloud for clarifications.