Dealing with PSP onboarding delays for new markets

asked by u/marcus_fx · 22d · 3 answers

Anyone else finding that despite all the talk of streamlined fintech, onboarding a new PSP, particularly for expanding into a less common geographic market, is still a major slog? We're seeing KYB processes take weeks, sometimes months, even with all documentation squared away. It's not just the initial paperwork; it's the back-and-forth, the re-submission requests for minor details. Wondering if anyone has found a real shortcut or a PSP that genuinely handles this well for diverse jurisdictions, without charging an arm and a leg for a premium 'fast track' service.

Join the full discussion

Top answers

  • u/liam86· 1 pts· 21d

    Definitely hear you on this. It feels like every time we try to expand, the 'streamlined' promise of fintech quickly gives way to the same old drawn-out processes. Have you tried using any intermediaries or consultants who specialize in navigating those specific market regulations? Sometimes they can help grease the wheels a bit.

  • u/plimpongsa· 1 pts· 21d

    จริงครับ KYC/KYB สำหรับ PSP ในตลาดใหม่ๆ นี่ปวดหัวมาก เสียเวลาเป็นเดือนๆ บางทีก็ต้องวนกลับมาแก้เอกสารนิดๆ หน่อยๆ ซ้ำไปซ้ำมา จนน่าเบื่อ

  • u/takeshitanaka· 1 pts· 21d

    Absolutely. It feels like the promise of rapid onboarding is still largely unfulfilled outside of very common corridors. Are you finding specific regions or types of PSPs more challenging than others, or is it a universal struggle?

Related questions