Success Case Sharing | ComplianceOne Assists "KUAIPAY HK" in Successfully Obtaining Hong Kong Money Service Operator (MSO) License!(2026.08)
[Good News] Warm Congratulations to KUAIPAY HK LIMITED on Successfully Obtaining the Hong Kong MSO License!
ComplianceOne Consulting Limited (ComplianceOne) is very proud to announce that our client, KUAIPAY HK LIMITED, successfully obtained the Money Service Operator License (MSO License) issued by the Hong Kong Customs and Excise Department in August 2026!
This license application took 14 months (June 2025 to August 2026). Under the full guidance and support of ComplianceOne's professional team, KUAIPAY HK successfully passed the stringent compliance review and evaluation by Customs, embarking on a new milestone in global cross-border payments and fintech development!
Client Background & Strong Mainland Licensed Qualifications
Strong Alliance & Strategic Synergy: KUAIPAY HK LIMITED established a local office in Hong Kong, dedicated to providing high-quality, safe, and convenient cross-border payment and currency exchange services to global individual and corporate clients.
Backing of Top-Tier Mainland Payment License: KUAIPAY HK has achieved strategic synergy with leading Chinese mainland e-payment enterprise—99Bill Corporation ("99Bill"). Established in 2004, 99Bill is among the first batch of renowned payment enterprises to receive the Payment Business License (License No.: Z2000831000014) issued by the People's Bank of China. It possesses comprehensive service qualifications including internet payments, mobile phone payments, and nationwide bank card acquiring services, cumulatively serving over 400 million individual users and 6.5 million business partners. Relying on strong industrial synergy and compliance capabilities, KUAIPAY HK will continue to expand into global markets such as Southeast Asia, Europe, and the Americas.
Hong Kong MSO Industry Trends & Compliance Challenges
Since 2019, the Hong Kong Customs and Excise Department has significantly tightened regulation and oversight of Money Service Operators (MSOs):
Sharp 70% Drop in Licensed Entities: The number of local licensed institutions has dropped sharply from over 2,500 in early 2020 to just over 600 today.
Technology-Driven Transformation: Most institutions failed to renew their licenses primarily due to loopholes in Anti-Money Laundering (AML) policies, insufficient staffing, and a lack of compliance tools. At the same time, the industry is accelerating its transformation from traditional models into tech-driven, standardized international cross-border payment operations.
ComplianceOne's Comprehensive Advisory Services
As a professional consulting team holding the highest market share in Hong Kong and having cumulatively handled over 200 MSO license applications and renewals, ComplianceOne provided KUAIPAY HK with end-to-end professional services, including:
One-Stop MSO License Application Consultancy:
Providing pre-compliance advice regarding senior management "Fit and Proper Person" criteria, business processes, and operating premises regulations.
Carefully reviewing and drafting the Business Plan and Anti-Money Laundering and Counter-Financing of Terrorism Policy (AML/CFT Policy) according to the latest Customs guidelines.
Submitting applications to Customs on behalf of the client, assisting with site visits, and following up on Customs inquiries throughout the entire process until approval.
Pre-Meeting Training with Customs & Competence Assessment Mock Exam Questions:
Offering an exclusively developed 7-module Competence Assessment mock question bank to help clients deeply master regulatory requirements.
Providing training prior to Customs interviews and breaking down "Frequently Asked Questions" to ensure interview performance aligns with regulatory expectations.
Dedicated AML/CFT Compliance Training:
Providing KUAIPAY HK and its staff with no less than 2 hours of professional compliance training (covering due diligence, risk-based principles, suspicious transaction identification, etc.) and issuing certificates of completion.
About ComplianceOne
Relying on rich experience in the financial services industry, ComplianceOne has repeatedly earned praise from regulatory authorities and officers. Whether it is new MSO license applications, license renewals, AML training, or mock exam system support, ComplianceOne can safeguard your business development!
If you have any MSO license or compliance consultation needs, please feel free to contact us at any time!