licensed Money Service Business (MSB) and holds licensing in Canada and in 34 states in the USA to provide a variety of money services. First Global Data has also applied for the balance of the licenses in the USA and expects to be fully licensed by Q4 2017.

The company’s two main lines of business are mobile payments and cross border payments. First Global’s proprietary leading-edge technology enables the convergence of compliant domestic and cross border payments, shopping, Peer to Peer (‘P2P’), Business to Consumer (‘B2C’), and Business to Business (‘B2B’) payments. First Global enables its strategic partners and clients around the world with their leading edge financial services technology platform.

The degree to which the payments industry has changed in just a decade is off the scale. They’ve witnessed the arrival of new currencies, technologies, business models, and forms of transactions; all within an environment of global economic upheavals and increasingly comprehensive regulation. First Global is a licensed MSB in Canada and the United States and adheres to the regulatory requirements including but not limited to Fintrac, FinCEN, BSA, AML, KYC, OFAC & OFSI.

First Global Data’s Indian division – MSewa Software provides a one-stop mobile payment service available across India. MSewa aims at serving the consumers (Banked, Unbanked and Underbanked) with mobile banking facilities on the move from anywhere by transferring funds in their mobile phone. It incorporates important features like M-Commerce, Funds Transfer, International and Domestic Money Transfer, Bill Payments, and Mobile Top-Up. These features will serve to provide the customers with easy payments and transaction facilities via mobile. Their system consists of many important features offered to its customers, the most important of them is the Money Transfer feature that enables people to transfer funds to any person they want, irrespective of whether or not the sending or receiving parties have accounts at banks. In a short span of time MSewa has garnered various recognition such as “Best Innovative in Mobile Payment 2015”, “Top 100 Red Herring Asia 2015″,”Shortlisted in NASSCOM Emerge 50”, “Startup Of The Year 2015”. Their Digital Wallet offers Secure Real-Time transaction processing service and support, and is a payment gateway that enables online payment for transactions and value added services at the point of sales. Digital Wallet performs payment authorization and authentication, and makes settlement of funds between Financial Institutions (FIs), Merchants and Users (Customers).

Over the past decade First Global Data has worked relentlessly on executing its Corporate strategy and vision of the company. Through the course of its persistent efforts, it has built a reputable list of partnerships, which comprises of major Banks and Financial Institutions, Government Departments, Telecommunication Companies, Travel Agencies and other Organizations which has created a unique brand value within the respective industry. First Global Data is strongly positioned to capitalize on the large degree of change in the ‘FINTECH’ disruptive payments industry.