PhotonPay has secured a money transmitter licence (MTL) from US state financial regulator, allowing the company to widen its payment and funds transfer offerings in the region.
The MTL is a regulatory requirement for businesses involved in moving money or providing related payment services at the state level.
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This new licence follows PhotonPay’s prior registration as a Money Services Business (MSB) with the US Financial Crimes Enforcement Network (FinCEN).
PhotonPay said that together, the MSB and MTL approvals position it to further develop its operations in the US payments market.
The company also reported enhancements in procedures such as customer and business verification (KYC, KYB), anti-money laundering measures, data security, and transaction monitoring to support regulatory requirements and operational reliability.
Besides, it is working on obtaining relevant licences in other regions, including Asia-Pacific, Europe, the Middle East, and additional parts of the Americas.
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By GlobalDataPhotonPay Group chief compliance officer JP said: “The U.S. regulatory landscape is characterised by its sophistication and structural complexity.
“Securing this additional MTL licence is more than a milestone; it fortifies our compliance architecture and reflects our unwavering commitment to risk management. We are convinced that synergising compliance with product innovation is the only way to deliver the secure, seamless financial services our global clients demand.”
In November 2025, PhotonPay participated in Circle’s Arc public testnet.
The Arc public testnet is described as an open, developer-friendly Layer-1 blockchain that aims to integrate real-world economic activity on-chain and evolve into an economic operating system (OS) for the internet.
