Payment Integration: Current Status and Key Factors

 

 

We understand that investors are looking for clear and specific updates, and we would like to address the current situation in a transparent and structured manner.

The delays in the payment provider integration are primarily driven by the introduction of significantly different AML and compliance requirements by the new PSP. These requirements involve more detailed verification procedures, as well as the need to implement specific technical integration measures on our side.

As part of this process, we have undergone a comprehensive compliance review to ensure that all procedures and internal standards are fully aligned with the new requirements.

Before the integration process could proceed, it was also necessary to complete several structural and operational steps, including:

• finalizing the establishment of the new company
• transferring rights and operational activities from the previous structure
• resolving relocation-related legal matters

At present, the PSP connection process is ongoing and has not yet been completed. The Loanch team is working with several payment service providers, each at different stages of onboarding. With one provider, we have reached the most advanced stage of connection.

Our approach is to gradually integrate multiple providers. This will allow us to switch between them if technical or operational issues arise, ensuring stability and continuity of our services. In the future, we plan to operate with multiple providers simultaneously to further reduce operational risk.

It is important to emphasize that all investor funds remain fully secure. Funds are held in segregated accounts with the payment service provider and are completely separate from the company’s own funds. These accounts are not accessible for operational use by either the company or the PSP and are not used for any business activities.

Once the integration with the new PSP is completed, all funds will be transferred directly from Quicko to the new provider’s accounts. Throughout the entire process, funds remain fully protected and untouched.

We also note that more detailed operational information can only be shared once a provider is fully connected, tested, and operational. Until then, we will continue to provide regular updates to keep investors informed.

We remain fully focused on completing the integration process as efficiently as possible while maintaining the highest level of security for all client funds.