Before services commence
Current licensing status
The Hong Kong MSO licence application is in progress. No money-service instructions or customer funds will be accepted before licence approval and operational readiness. Proposed services remain subject to the final approved scope and published conditions.
At this stage, the website provides company and proposed-service information and general business enquiries. It does not offer transaction placement, funding, rate booking or receipt of customer money.
Remittance services
Planned remittance services will support businesses and individuals with legitimate purposes. The process will cover verification of sender and beneficiary details, review of the transaction background, confirmation of fees and processing conditions, and record retention.
- Business customers: understand the business, beneficial owners, authorised representatives and supporting documents.
- Individual customers: verify identity and understand the purpose and appropriate source-of-funds information.
- Transaction arrangements: use verified beneficiary information, supported channels and applicable conditions.
Money-changing services
Money-changing services are planned around customers’ genuine exchange needs. Once services commence, applicable rates, charges, information requirements and processing arrangements will be explained before a transaction is carried out following the necessary checks and confirmation.
Currencies and channels
Supported currencies, locations, cash or non-cash channels and limits will be announced in line with the approved scope and operating arrangements. This website does not publish live rates or guaranteed quotations.
Planned process for future services
- Understand the need and purpose
Explain conditions and information requirements and confirm that the need is within the available scope.
- Due diligence and risk assessment
Verify identity and authority, understand ownership, funds and context, and apply enhanced checks where necessary.
- Confirm quotation and arrangements
Confirm rates, fees, beneficiary details, processing conditions and limitations before execution.
- Execution, records and follow-up
Process approved transactions, retain necessary records and provide transaction information and enquiry channels.
Business boundaries
The MSO application concerns remittance and money changing. The KingAi Payments brand name does not represent a banking, stored-value facility, securities, investment or virtual-asset licence, and this website does not claim to offer those services.
Enquire about the company and services