13 December 2018
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Company profile for Advapay

Advapay logo
Headquarters
Sakala 16A - 8, Tallinn, 10141, Estonia
Telephone: +372 635 51 08

Company information

Advapay OÜ – business integrator which together with the partnership net renders services in payment business development – complex turn key solutions and consulting. Advapay ОÜ is also an informational platform for the companies in the sphere of banking and payment services created for the purpose of experience exchange and the complex solutions promotion in a single space.

Advapay creates a payment service business in an EU state and deliver it ready for use. It is an all-in-one package comprising:

Preliminary consultation, the selection of the most appropriate infrastructure, jurisdiction, type of license, business model etc.;

Assistance with the PSD license authorisation process, the Czech Republic, the UK, in Cyprus, Malta or another EU member state;

Development of required internal procedures and documents;

Local office set-up and staffing;

Implementation of a complete IT solution, including the accounting engine, mobile and internet banking systems, AML module and more;

Hosting and maintenance of the IT solution;

Establishment of business relationships with banks, third-party payment systems and payment service providers, including payment card issuers, money transfer systems etc.

Complex solutions and consulting

Advapay allows you to develop existing business or to create a new one expanding the possibilities in the sphere of banking and payment services thanks to our complex solutions:

  • Business consulting and development of an organizational infrastructure
  • Support of business
  • Development of IT solutions
  • Establishment of relations with partners

Products and services

Business consulting Management advice and development of an organizational infrastructure
http://advapay.eu/en/consulting

Advapay proposes a full range of services in respect of the banking or payment business creation on a turnkey basis, management advice and development of an organizational infrastructure. The team of experts provides comprehensive consulting services upon the construction of the payment business solutions, professional assistance in the development of the concept and business plan, rules and procedures, partners' selection, etc.

Business consulting includes:

•Choice of jurisdictions
•Development of a business model
•Assistance in company registration and obtainment of licenses
•Development of internal regulations, including AML compliance manual etc.
•Development of business plan
•Staff recruitment
•Administrative support (organizational support in office activity keeping and management)
IT solution development Complex solutions focused on the automation of the payment institutions and e-money issuers
http://epaysuite.com

For those who have PI license Advapay offers flexible and effective solutions built on robust, flexible and future-proof platform which is designed to fully automate workflows of a present-day financial institution with STP (straight-through processing) technology applied wherever possible.

Platform is a multi-currency system. Account balances are updated in real-time once a transaction has been validated and processed. It enables multi-level transaction flow monitoring. Data protection is ensured through sophisticated internal audit and access control mechanisms.
Platform comprises two major subsystems: web-based front end and back office, which is subdivided into the operator / manager module and the administration module. It is fully multi-lingual: multiple languages are supported both at data and GUI levels. It easily integrates with external systems thanks to its open architecture and flexible API.
Turnkey solutions for payment service business running A ready for use payment service business in an EU state, an all-in-one package comprising necessary aspects.

•Preliminary consultation, the selection of the most appropriate infrastructure, jurisdiction, type of licence, business model etc.;
•Assistance with the authorisation process in the Czech Republic, the UK, in Cyprus, Malta or another EU member state;
•Development of required internal procedures and documents;
•Local office set-up and staffing;
•Implementation of a complete IT solution, including the accounting engine, mobile and internet banking systems, AML module and more;
•Hosting and maintenance of the IT solution;
•Establishment of business relationships with banks, third-party payment systems and payment service providers, including payment card issuers, money transfer systems etc
COMPLETELY PREPARED BUSINESS IN CZECH REPUBLIC on the basis of licensed company is for sale (payment institution, Czech Republic)
http://advapay.eu/en/special-offer-en

The company has the right to conduct the following activities:
• Third parties money transfers;
• Opening and maintainance of payment accounts of individuals and legal entities;
• Mobile and Internet payments

The software for the company includes:
• Customer account management system via the Internet (Internet-banking) and mobile phones (mobile banking)
• Automation system of all company business processes including accounting, reporting, commission calculations, cooperation with correspondent banks, including cooperation via SWIFT system.

The offer includes:
• licensed company;
• hosting solution;
• company web-site;
• bank account;
• existing regulations (AML, security, etc)
Entry updates If you have updates or amendments to make to this page on behalf of your organisation or client, please send an email to contact@finextra.com.

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