The several classes of licence issued under the Money Services Act, No. 26 of 2008, shall authorize the holders to carry on Money Services Business as specified –

• A "CLASS A" licence permits the holder to carry on the transmission of money or monetary value in any form, the issuance, sale or redemption of money orders or traveller’s cheques, cheque cashing and currency exchange.
• A "CLASS B" licence permits the holder to carry on the issuance, sale or redemption of money orders or traveller’s cheques, cheque cashing and currency exchange.
• A 'CLASS C" licence permits the holder to carry on cheque cashing.
• A "CLASS D" licence permits the holder to carry on currency exchange.
• A "CLASS E" licence permits the holder to carry on pay day advances.

Where different places of business are kept in the name of the same legal person, a separate licence is required for each such place of business.