The FCA or Financial Conduct Authority is a financial regulatory body that is based in the United Kingdom while operating independently of the UK government. The agency regulates the operations of companies that accept payments, including online payments and e-money. By acting as an independent regulator, the FCA is able to uphold the integrity and legitimacy of the financial system in the United Kingdom.
The FCA Payment License is required for any business that operates as an Authorized Payment Institutions in order to do business within or with the UK. The license requires a set of conditions to be met and an annual fee to be paid for by the company and is a crucial certification held by any payment company that operates in or with the United Kingdom.