What licenses does Aspire hold?

The Aspire Group ("Aspire") provides payment and other regulated services in a number of different countries through different legal entities. In each country, Aspire holds a relevant license/authorisation and operates in full compliance with legal and regulatory requirements. See below for details specific to each country.

Aspire FT Pte. Ltd. has been granted a temporary exemption from holding a license under the Payment Services Act 2019 (as amended, "PS Act") for the provision of Account Issuance Service, Domestic Money Transfer Service, and E-money Issuance Service for a specified period. The exemption can be confirmed on the MAS website here.

Aspire FT Pte. Ltd. has also been granted a temporary exemption from holding a license under the PS Act for a specified period for the provision of specified cross-border money transfer service caught under the expanded scope of the regulated activities. The expanded scope of regulated activities relates only to arranging for the transmission of money from any country or territory to another country or territory, where monies are not accepted or received in Singapore. The exemption can be confirmed on the MAS website here.

Aspire FT Pte. Ltd. is not licensed, nor exempt, to provide cross-border money transfer service beyond the expanded scope described above, and consequently, this service is provided only by MAS licensed entities partnering with Aspire ("Partners"), subject to their own terms and conditions. All Aspire and Partners terms and conditions can be found here.

AFT SG 2 Pte. Ltd holds a Capital Markets Services licence (CMS101791) issued by the Monetary Authority of Singapore. The licence authorises AFT SG 2 Pte. Ltd to deal in capital markets products that are collective investment schemes, and to provide custodial services. The licence can be verified on the MAS Financial Institutions Directory here.

A.F.T. SG Pte Ltd ("AFT SG") is an exempt moneylender under The Moneylenders Act 2008, having been granted an exemption from the Ministry of Law. Please see the registration details here.

AFT HK Limited holds a Money Service Operator (MSO) license and is allowed to offer payment services in Hong Kong, including domestic & cross-border money transfers and currency exchange services. As an MSO, AFT HK Limited is regulated by the Hong Kong Customs and Excise Department (C&ED).

AFT HK Treasury Limited is licensed by the Securities and Futures Commission (SFC) to carry on Type 1 (dealing in securities), Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the Securities and Futures Ordinance. The licence can be verified on the SFC's public register of licensed persons and registered institutions here.

AFT AU Pty Ltd holds Australian Financial Services Licence No. 554582, issued by the Australian Securities and Investments Commission (ASIC). The licence authorises AFT AU Pty Ltd to provide general financial product advice, to deal in, and to make a market for non-cash payment products and foreign exchange contracts, to both retail and wholesale clients. The licence can be verified on the ASIC professional registers here.

AFT EU B.V. is authorised by De Nederlandsche Bank (DNB) as an Electronic Money Institution, under relation number R197650. The authorisation covers the issuance of electronic money and payment services 1 to 5 under the revised Payment Services Directive (PSD2), and passports across the European Economic Area. AFT EU B.V. does not accept or process cash. The authorisation can be confirmed in the DNB public register here.

AFT US LLC, d/b/a Aspire, is a financial technology company, not a bank. The Deposit Account and banking services are provided by Column N.A., Member FDIC. FDIC deposit insurance covers the failure of an insured depository institution.

Deposits in the Deposit Account are FDIC-insured through Column N.A., Member FDIC and Column's Sweep Program Network Banks. Certain conditions must be satisfied for pass-through FDIC insurance to apply.

AFT US Capital LLC is registered with the U.S. Securities and Exchange Commission (SEC) as an investment adviser. Registration with the SEC does not imply a certain level of skill or training. Registration details can be found on the SEC's Investment Adviser Public Disclosure website here.

AFT CA LTD is registered with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) as a Money Services Business, registration number C100000241, authorised for foreign exchange dealing, money transferring, and payment service provision. The registration can be confirmed on the FINTRAC MSB registry here.

AFT CA LTD is also registered with the Bank of Canada as a Payment Service Provider under the Retail Payment Activities Act.

PT Kharisma Catur Mandala is a payment service provider regulated under Bank Indonesia with license No: 23/660/DKSP/Srt/B, and has been registered as an Electronic System Operator (PSE) at the Ministry of Communication and Information of the Republic of Indonesia, Number: 000972.02/DJAI.PSE/08/2022. PT Kharisma Catur Mandala also works in collaboration with various affiliates and partners that are regulated by OJK or licensed by Bank Indonesia for various products and services.

PT Alumak Teknologi Indonesia is a registered aggregator service provider within the scope of digital financial innovation from the Financial Services Authority (OJK) in Indonesia with registration number 001/ATI/XI/2019. Alumak does not independently provide financial service products regulated by laws and regulations. Alumak cooperates with financial service institutions registered and supervised by government authorities that provide financial services to consumers.