How GLPay Works
A clear operational flow designed to meet expectations of banks, EMI partners, and compliance reviewers. This is intentionally high-level: no technical implementation details.
1) User onboarding & verification
Identity and risk checks aligned with AML/CTF and sanctions screening requirements.
2) Account / wallet creation
Client accounts and wallets are created under a partner-based model (including EMI services where applicable).
3) Funding
Funding via bank transfer and partner-supported methods. No cash handling.
4) Payments & FX
Domestic and cross-border transfers, with FX conversion where relevant — executed through regulated partners.
5) Compliance monitoring & reporting
Ongoing transaction monitoring, recordkeeping, and reporting aligned with applicable frameworks.
Key principles
- Compliance-first operations
- Partner-based banking model
- Transparent, auditable flows
- No cash and no “grey zone” products