After obtaining the Money Service Operator (MSO) license in Hong Kong, SonicPay can offer a range of services primarily focused on money transfers and currency exchange. MSOs are regulated by Hong Kong Customs and Excise Department to ensure compliance with anti-money laundering (AML) and counter-terrorist financing (CTF) regulations.
How Our Service Work?
Our acquiring-as-a service comes complete with everything you need from merchant and transaction services to back office operations support.
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SonicPay Acquiring Service
Back office services
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- Digital merchant onboarding
- KYC analysis and account approval
- Configurable Underwriting engine
- Merchant account configuration
- Merchant dashboard and value added apps
- Ongoing merchant compliance
- Advanced fraud management
- Advanced fraud management
- Network tokenization and card updates
- Payment Gateway with support of local APMs and card brands
- In-house acquirer processor
- Flexible clearing and settlement
- Modern payout gateway
- Reserve management
- Chargeback services
- Reconciliation
- PCI DSS certification
- Automatic reconciliation
- Merchant account management
- 24/7 service monitoring
- Merchant consulting services
- Developer sandbox
- Online technical documentation and support
