VIP GLOBAL

This acquisition represents a significant upgrade for the VIP brand, providing robust and unrestricted solutions for cross-border payments to our UK customers. VIP Global will offer a comprehensive suite of services, ensuring secure, efficient, and compliant financial transactions. Our service offerings to UK clients will include:

– Account Management: We facilitate deposits and withdrawals of cash through our branch network and agent network, ensuring compliance with AML and CTF regulations. This allows you to establish and operate payment accounts (client money accounts) for individuals and businesses.

– Payment Processing: VIP Global enables secure and efficient execution of payment transactions within the UK through Faster Payments Systems (FPS) and potentially within the SEPA zone through IBAN accounts. Our services are limited to cleared funds, so we don’t offer credit lines.

– Payment Instruments: We are eligible to apply for membership in major card schemes like Visa and Mastercard. This allows us to issue cards to your customers and provide merchant services for businesses to accept card payments.

– International Money Remittance: Our core strength lies in facilitating cross-border remittances, particularly to Brazil. We are actively looking to expand our network to connect with other major remittance networks and offer a wider range of destinations.