PhotonPay Secures US Money Transmitter Licence for Global Payments Push

Chinese cross-border payments company PhotonPay has secured a US money transmitter licence, completing a key piece of its global payments strategy. The licence enables PhotonPay to legally process payments within the United States.

The US MTL is one of the most sought-after payments licences globally, and securing it allows PhotonPay to serve its merchant customers' US payment needs directly rather than relying on third-party partners.

PhotonPay's US licensing milestone reflects the company's ambition to build a truly global payments platform, connecting Chinese merchants and their international customers across major markets worldwide.