HaiPay Receives Hong Kong Trust or Company Service Licence

HaiPay, which publishes this news section, has received a trust or company service provider (TCSP) licence from Hong Kong's Registrar of Companies. The licence, number TC011305, is listed on the Companies Registry's public register and allows HaiPay to provide company formation, registered address, company secretarial and trustee services in Hong Kong.

It adds to the payment licences HaiPay holds in markets including the Philippines, Indonesia, the United States and Canada.

The licence

TCSP licences are granted under Part 5A of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615). Before granting one to a company, the Registrar must be satisfied that each of its directors, and any ultimate owner, is a fit and proper person to be associated with a trust or company service business. A licence is valid for three years and can be renewed. The register listed 7,573 licensees on 4 November 2026.

What the licence brings

The Ordinance defines a trust or company service as forming companies and other legal persons; acting, or arranging for someone to act, as a company director or secretary; providing a registered office or business address; and acting as a trustee of an express trust or as a nominee shareholder. In Hong Kong these services can be offered as a business only with a licence.

With the licence, HaiPay can offer businesses setting up in Hong Kong company formation, a registered address and company secretarial services alongside its payment services. As a licensee, HaiPay is also subject to the Ordinance's customer due diligence and record-keeping requirements and to inspection by the Companies Registry.

Where HaiPay holds licences

Outside Hong Kong, HaiPay holds payment licences including an operator of payment systems (OPS) licence from Bangko Sentral ng Pilipinas in the Philippines, a payment service provider (PJP Category 3) licence from Bank Indonesia, money transmitter licences in several US states and a money service business (MSB) licence from FINTRAC in Canada. These are among the licences HaiPay holds, and it continues to add licences in further markets. HaiPay also lists PCI DSS and ISO certifications.

The TCSP licence covers trust and company services; payment and remittance services in Hong Kong are licensed separately.

HaiPay's business

HaiPay provides local-first payment infrastructure for global digital businesses. Its products include card acceptance on major card networks; more than 150 local payment methods through one integration; an embeddable checkout; payment links; recurring billing for subscriptions; mass payouts to bank accounts and e-wallets; and US dollar virtual cards with a card issuing API. It serves businesses in e-commerce, game publishing, social and content platforms, and financial services. Learn more about HaiPay's local payment methods.