How to open a payment system account in ASIAPAY
Main characteristics and experience with the payment system
Cost
1500 USD
Beginning of cooperation
September, 2024
Last contact
October, 2024
Last update
October, 2024
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- settlement non-banking credit organization (RNCO) has been represented in Russia since 2022;
- is the Russian branch of ASIAPAY LIMITED, a major Hong Kong company, which is the largest provider of Internet acquiring and one of the ten most widespread electronic payment systems in the world;
- opens settlement and savings (deposit) accounts;
- opens accounts not only for Russian companies, but also for foreign companies registered NOT in the Russian Federation;
- documents of a foreign company are provided in legalized / apostilled form in originals with a notarized translation into Russian;
- there is no minimum account balance requirement;
- account opening requires tax registration in the Russian Federation, as well as a visit of the director to the RNCO branch; it is also possible to open an account by power of attorney for the account manager;
- it is possible to make international payments in foreign currency; available currencies: BYN, CNY, KZT, AMD, TJS, UZS, AED;
- issuance of payment cards is possible;
- there is an Internet bank;
- account opening period - from 1 month
Cost
1500 USD
Beginning of cooperation
September, 2024
Last contact
October, 2024
Last update
October, 2024
General information and GSL rating
2022
Year of foundation
Russia
Country of license issue
CBR
Regulator
GSL rating
Year of foundation
2022
History
Started operations in Russia in 2022
Personnel
The staff communicates in Russian and speaks English
Payment system owners
Branch ASIAPAY LIMITED (Hong Kong)
Compare payment systems
Minimum requirements
No restrictions
Minimal turnover, €
N/A
Minimal balance, €
No
Do they work with offshore companies
No
Do they require a substance
Minimal turnover, €
No restrictions
Minimal balance, €
N/A
Tariffs and services
N/A
Array
N/A
Array
N/A
Account maintenance, €/month
N/A
Acquiring commission
Account opening procedure
Account opening terms
Case by case
Possibility of remote account opening
—
Business description
Detailed
Types of accounts
Savings; Current
Document requirements
List of corporate documents of a foreign company required to open an account:
- Certificate of Incorporation / Certificate of Incorporation;
- Memorandum and Articles of Association;
- Certificate of Good Standing;
- Extract from the Registrar (Certificate of Incumbency);
- Extract from the Registrar (Certificate of Incumbency);
- Certificate of the legal entity's tax registration with the tax authority of the Russian Federation (INN Certificate);
- Documents confirming the powers of the sole (collegial) executive body of the legal entity;
- power of attorney (in case of account opening by power of attorney); the text of the power of attorney must be agreed with the bank;
- identity document of the sole executive body (individual) of the legal entity, persons authorized to dispose of funds on the RNCO, and other representatives of the legal entity; notarized signature and seal card.
The list is not exhaustive and may vary depending on the country of registration of the foreign company and the selected RNCO. RNCO reserve the right to request any additional documents and information.
Documents of a foreign company shall be provided in legalized / apostilled form in originals with a notarized translation into Russian language
- Certificate of Incorporation / Certificate of Incorporation;
- Memorandum and Articles of Association;
- Certificate of Good Standing;
- Extract from the Registrar (Certificate of Incumbency);
- Extract from the Registrar (Certificate of Incumbency);
- Certificate of the legal entity's tax registration with the tax authority of the Russian Federation (INN Certificate);
- Documents confirming the powers of the sole (collegial) executive body of the legal entity;
- power of attorney (in case of account opening by power of attorney); the text of the power of attorney must be agreed with the bank;
- identity document of the sole executive body (individual) of the legal entity, persons authorized to dispose of funds on the RNCO, and other representatives of the legal entity; notarized signature and seal card.
The list is not exhaustive and may vary depending on the country of registration of the foreign company and the selected RNCO. RNCO reserve the right to request any additional documents and information.
Documents of a foreign company shall be provided in legalized / apostilled form in originals with a notarized translation into Russian language
Possibility of remote account opening
It is possible to open an account by power of attorney for the account manager
Types of accounts
Savings; Current
Chances to open an account
Predictable
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