WSCD Solution Limited is a Hong Kong company preparing to provide digital, business-only money changing and remittance services: commercial virtual cards for paying overseas suppliers, and merchant acquiring for receiving international card payments.
Both product channels are confined to the statutory definitions of money changing and remittance under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615).
For Hong Kong companies paying overseas suppliers, digital advertising platforms and SaaS providers. Client funds are received by bank transfer, converted into the required foreign currency and allocated to a commercial virtual card provisioned for an identifiable business expense.
For Hong Kong merchants selling to international buyers. Overseas card payments are processed through the card scheme network; the foreign-currency settlement is converted into Hong Kong dollars and paid out to the merchant's designated local bank account.
Both channels are designed to operate over the Mastercard and Visa card scheme networks, with client money held in segregated client accounts at banks in Hong Kong.
Every instruction is given through a secure client portal. Client funds stay in segregated client accounts from the moment they are received until they are paid out.
The verified Hong Kong corporate client transfers HKD by FPS or CHATS into WSCD's segregated client account.
The client requests a card in the currency it needs; the rate is locked and the conversion is executed back-to-back with our settlement bank.
A commercial virtual card is issued for the specific business expense, with a spend limit and merchant controls.
The overseas supplier charges the card. The card scheme authorises it in real time and settles from the segregated account on T+1.
An overseas buyer pays the Hong Kong merchant by card at checkout.
The card scheme settles the foreign-currency proceeds into WSCD's segregated client account on T+1.
The settlement batch is converted into HKD and the agreed fee is separated to WSCD's operating account.
The net HKD amount is paid to the merchant's Hong Kong bank account via FPS or CHATS on T+2 or T+3.
A three-way reconciliation of our internal ledger, card scheme settlement reports and bank statements is performed every business day (T+1).
A focused, business-to-business model. Every direct client must be registered and operating in Hong Kong.
All clients complete corporate KYB and CDD before onboarding, in line with C&ED requirements.
Our control framework is designed around the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) and the guideline issued by the Customs and Excise Department for licensed money service operators, and is set out in our AML/CFT Policy Manual.
Corporate KYB and CDD, including identity and liveness verification of directors and ultimate beneficial owners, before any account is activated.
Sanctions, politically exposed person and adverse media screening against UN, OFAC, EU, UK and Hong Kong lists, at onboarding and on an ongoing basis.
Post-transaction monitoring and case management. Suspicious transactions are reported by our MLRO to the Joint Financial Intelligence Unit (JFIU).
Client funds are ring-fenced in segregated client bank accounts and are never commingled with company operating funds.
T+1 three-way reconciliation of the internal ledger, card scheme settlement reports and bank statements.
Transaction and due diligence records kept for at least five years. Cloud infrastructure with edge protection, multi-factor access control and multi-region data redundancy.
WSCD Solution Limited is a private company incorporated in Hong Kong. The company is currently applying to the Customs and Excise Department (C&ED) for a Money Service Operator (MSO) licence under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615).
Until a licence is granted, WSCD Solution Limited does not operate any money changing or remittance service, does not onboard clients and does not accept client funds. Nothing on this website is an offer or solicitation to provide such services.
Once licensed, our licence number will be published on this page. The licensing status of any money service operator can be checked on the C&ED online register of licensees.
C&ED register of licensed MSOsIn the meantime, we welcome business and regulatory enquiries.
WSCD Solution Limited is currently applying to the Hong Kong Customs and Excise Department for a Money Service Operator (MSO) licence. Client registration and onboarding will open only after the licence has been granted.
Before the licence is granted, we will not:
Business enquiries: contact@wscdsolutions.com
The client portal will be launched only after our Money Service Operator licence has been granted. No client accounts exist at this time.
Business enquiries: contact@wscdsolutions.com
This website is operated by WSCD Solution Limited ("WSCD", "we", "us"), a company incorporated in Hong Kong. We are committed to handling personal data in accordance with the Personal Data (Privacy) Ordinance (Cap. 486) ("PDPO").
This website is for information only. It does not offer registration or account opening and does not use forms to collect personal data.
To respond to enquiries; to operate, secure and maintain this website; and to comply with legal and regulatory obligations, including requests from regulators and law enforcement authorities.
This website does not use advertising, analytics or tracking cookies.
We do not sell personal data. We may disclose it to our IT, hosting and security service providers (who are bound by confidentiality obligations), to our professional advisers, and to regulators, courts or law enforcement authorities where required by law. Some service providers may process data outside Hong Kong.
We keep personal data only for as long as necessary for the purposes above, unless a longer period is required by law, and protect it with reasonable technical and organisational measures, including encryption in transit and access controls.
Under the PDPO you may request access to, and correction of, personal data we hold about you. Please send requests to contact@wscdsolutions.com. We may charge a reasonable fee for processing a data access request, as permitted by the PDPO.
When our services launch after licensing, a separate client privacy notice will govern the collection and use of personal data for client onboarding, due diligence and servicing.
We may update this policy from time to time. The latest version will always be available on this website.
These terms govern your use of this website, operated by WSCD Solution Limited ("WSCD"). By using the website you agree to them.
The content of this website is general information about the services WSCD intends to provide. It is not an offer, invitation or solicitation to provide any money changing, remittance or other financial service, and it is not financial, legal or tax advice. WSCD does not currently provide money changing or remittance services and is applying for a Money Service Operator licence from the Customs and Excise Department.
Descriptions of planned services, features and timelines are subject to change and to the grant of the required licence. Services will be provided only under separate client agreements entered into after the licence has been granted.
The WSCD name, logo and website content belong to WSCD or its licensors. You may view and print pages for personal reference but may not otherwise reproduce them without our written consent. Third-party trademarks belong to their respective owners.
Links to third-party websites, such as the Customs and Excise Department, are provided for convenience. WSCD is not responsible for their content.
We aim to keep this website accurate and available but make no warranty that it is complete, current or uninterrupted. To the extent permitted by law, WSCD is not liable for any loss arising from use of, or reliance on, this website.
These terms are governed by the laws of the Hong Kong Special Administrative Region. The courts of Hong Kong have non-exclusive jurisdiction over any dispute.
WSCD Solution Limited is committed to preventing its services from being used for money laundering, terrorist financing or sanctions evasion. Once licensed, WSCD will operate under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615) and the guideline issued by the Customs and Excise Department for licensed money service operators. Our framework is set out in the board-approved WSCD Solution Limited AML/CFT Policy Manual.
WSCD may decline or terminate any business relationship or transaction where it is unable to complete due diligence or where it has concerns about money laundering, terrorist financing or sanctions.