The fintech firm has been registered as a money service operator in Hong Kong since 2015—a testament to its commitment to compliance and risk control.

HONG KONG (May 13, 2022)—NOVA2PAY, an innovative fintech solution provider focusing on cross-border consumption and entertainment-based digital payment technology, has announced it has been granted a Hong Kong money service operator (MSO) license. The license marks the firm's third successive approval, attesting to the firm's continued compliance with Hong Kong's strict regulations governing MSOs operating in the region.

For over a decade, NOVA2PAY has been committed to helping merchants improve their efficiency and value in the cross-border comprehensive services and financial services sectors. The firm’s capabilities include payment processing services for e-commerce, air tickets, conferences and exhibitions, restaurants and hotels, entertainment videos, software, education, games, and other industries.

To deliver its best-in-class MSO services, NOVA2PAY has focused on researching the development needs of merchants in the cross-border consumption and entertainment fields. Leveraging this research, big data, and customer insights, NOVA2PAY develops and promotes digital payment and smart marketing technologies; provides overall solutions for local partners, merchants, and end-users; and improves the efficiency of merchants' operations.

The firm has also adopted stringent risk control and security management protocols to protect its clients. Through daily risk control management, including merchant review and access to daily transaction testing, and maintaining rigorous safety certification standards,  NOVA2PAY delivers its world-class MSO services to clients in Hong Kong and across the globe. It also achieved the highest certification as a global payment processor (PCI DSS Level 1) in 2015 and has maintained the standard since.

NOVA2PAY's no-compromise approach to risk control and security is a leading factor in the firm being awarded its third consecutive license as a Hong Kong MSO, which is no easy feat. MSOs looking to operate in Hong Kong must apply for the license every two years and undergo a rigorous application and review process before being authorized for licensure. In the past few years, regulators in Hong Kong have cracked down on fraudulent activity and made it more challenging to attain licensing. Despite these tightened regulations, NOVA2PAY has continued to exceed the standards set by the licensing body in Hong Kong, demonstrating the firm's commitment to and execution of the highest standards and compliance in the MSO sector.

“The approval of NOVA2PAY's Hong Kong MSO license comes as welcome news both for our firm and the clients we serve,” said Christine ,the CEO of NOVA2PAY. “NOVA2PAY is laser-focused on delivering world-class MSO services to the entertainment industry while maintaining the highest level of security and compliance. The fact that we've been awarded a license for the third time is proof positive we’re making good on these promises, and we look forward to continuing to exceed our client’s expectations.”

For more information, visit https://www.nova2pay.com/.

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