04 Nov

Optal Asia awarded SVF licence by the HKMA

  • Posted by Optal

Hong Kong, 4 November 2016:  Optal Limited today announced that its wholly owned subsidiary, Optal Asia Limited (Optal Asia) has been awarded a Stored Value Facility (SVF) licence by the Hong Kong Monetary Authority (HKMA).

The licence permits Optal Asia to issue its MasterCard virtual account numbers or “VANs” for use by Hong Kong customers. Optal’s UK subsidiary, Optal Financial Limited, is already one of Europe’s leading virtual card issuers, enabling customers to make business-to-business payments securely and efficiently.

Optal Asia CEO, Danny Cheung, said, “We’re delighted to have secured an SVF licence, enabling us to provide our innovative payment solutions to the Hong Kong market.”

Optal Limited Managing Director, Rob Bishop, said, “Securing an SVF licence is another important step towards Optal becoming the region’s leading ecommerce enabler.  We’re looking forward to continuing to work with our key business partners to execute new, Asian based opportunities.”


About Optal

Optal is re-inventing how payment processes work across complex industries.  By stripping payment processes of their customary inefficiency, we help companies boost profitability across a growing number of sectors around the world.

As a principal member of MasterCard in the UK and Hong Kong, Optal issues MasterCard branded payment products, driving its focus on developing and bringing to market game-changing payment solutions.

Optal holds a 23.5% interest in eNett International, a specialist global travel payments company, and is its primary issuer of virtual credit cards.

For more information about Optal, visit www.optal.com.

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Regulatory Information

Optal Limited is registered in England & Wales No. 5531282. 17 Moorgate, London, EC2R 6AR.

Optal Financial Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (Register Number: 900112) for the issuing of electronic money.

Optal Asia Limited is licensed in Hong Kong as Stored Value Facility Issuer (Licence number SVF0006), regulated by the Hong Kong Monetary Authority.

Invapay Payment Solutions Limited is authorised by the Financial Conduct Authority under the Payment Services Regulations 2009 (Register Number: 631411) for the provision of payment services.

Optal Financial Limited, Optal Asia Limited and Invapay Payment Solutions Limited are wholly owned subsidiaries of Optal Limited.

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