KUARIO offers her services globally. We cover all major currencies in the world.
With respect to PSD2, we’ve obtained a Payment Institution sub-license, under supervision of the National Bank of the Netherlands, as a partner of Intersolve BV, which is a regulated E-Money Institution in the Netherlands.
Our license is passported to all the 30 countries of the European Economic Area (EEA). Our sub-license allows us to offer our payment services under the EU Directive 2015/2366 (Payment Service Directive II).
However, we offer our services globally so our KUARIO services are not just limited to the EEA.
We are allowed to offer our services in the European market which is only allowed to be offered by licensed financial institutions.
This means that we are able to present you with the following payment services:
● fund collection and settlement
● executing payment transactions
● operating a multi-currency payment account (IBAN)
● issuing and/or acquiring payment transactions and financial contracting
Intersolve in the Netherlands takes the financial and regulatory liability for the activities operated by us in the European market. The member regulated in Europe in the Sponsoring Payment Institution is obligated to ‘safeguard’ your (KUARIO’s partner’s) funds on a segregated payment account. This means that when we deliver ‘regulated payment services’ to you, the transactions will be cleared and settled from a dedicated account where your (and/or your merchants) funds are always protected.
This dedicated account is with a Tier 1 bank in the Netherlands, under supervision by the National Bank of the Netherlands. We make sure that your funds are safeguarded on a trusted account.
