BiyaPay has been registered as a Financial Service Provider (FSP) in New Zealand

The multi-asset trading wallet BiyaPay was successfully registered as a New Zealand Financial Service Provider (FSP) on May 3, 2024.

Users can check on the official website of New Zealand FSP.

Step 1: Open the FSP homepage:https://fsp-register.companiesoffice.govt.nz/

Step 2: Search for a financial service provider on the homepage, then enter BiyaPay’s FSP number: FSP1007221, click Search

Step 3: Click on the search results to see detailed regulatory information.

Introduction to New Zealand Financial Service Providers (FSP)

FSP registration is managed by New Zealand’s Financial Markets Authority (FMA) and the New Zealand government’s registration authority. The primary responsibility of FSPs is to ensure that entities providing financial services in New Zealand comply with local laws and regulations, offering protection and transparency to customers.

Entities that meet this type of regulatory requirement are referred to as FSPR, which stands for the Registrar of Financial Service Providers.

As a registered Financial Service Provider, entities are authorized to compliantly offer the following types of financial services to clients:

• Securities Trading: Including the trading of financial instruments such as stocks, bonds, and options.
• Forex Trading: Providing trading services in the foreign exchange market.
• Asset Management: Managing investment portfolios and funds for individuals or institutions.
• Lending and Financing: Offering loans and financing services to individuals and businesses.
• Payment Services: Including payment processing, remittances, and e-wallet services.
• Insurance Services: Selling and managing various insurance products.
• Trust and Custodial Services: Managing trust and custodial accounts.
• Cryptocurrency Services: Providing trading and management services for digital assets and cryptocurrencies.

About BiyaPay
BiyaPay was established in 2019 and is a global multi-asset trading wallet. Headquartered in Singapore, it has established subsidiaries and expanded its business coverage in the US, Canada, Hong Kong, Singapore and other places. The number of registered users has reached 509,000, and users cover various countries and regions around the world.

BiyaPay supports online real-time exchange of more than 30 mainstream legal currencies and more than 200 mainstream digital currencies, helping users achieve local transfers in most countries or regions around the world, with fast arrival speed and unlimited credit limits. At the same time, BiyaPay is also a professional deposit and withdrawal tool. You can recharge USDT and exchange it for USD/HKD, withdraw it to your personal bank account, and deposit it to major securities firms. The deposit is fast and unlimited. You can also directly invest in US/Hong Kong stocks with USDT without offshore accounts. You can participate in real-time stock trading and deposit and withdrawal in real time, which not only solves users’ deposit and withdrawal problems, but also saves time and costs. With one account and one fund, you can invest in global markets.

BiyaPay
May 7, 2024