"MSB" stands for "Money Services Business," which refers to the business of providing financial services such as money transmission, remittance, prepaid card issuance, and virtual currency transactions. In the United States, MSBs must comply with a series of federal and state laws and regulatory requirements, and they need to obtain the corresponding licenses to operate legally.
If you are a provider of money services business (MSB) and your application is related to financial services such as money transmission, remittance, or virtual currency transactions, obtaining an MSB license may be helpful for your application to be listed on the App Store.
Both Apple's App Store and Google's Google Play store have a set of rules and requirements, especially for applications involving financial transactions. These rules and requirements are usually aimed at ensuring the security, user privacy, and legal compliance of the applications. If your application is involved in money services business, obtaining an MSB license can demonstrate that your business is legitimate and compliant with relevant regulatory requirements, which can increase the chances of your application being approved for listing.
However, please note the following points:
Although obtaining an MSB license may help your application to be listed on the App Store, it is not the only requirement. You still need to comply with other rules and requirements of the App Store, including user privacy policies, application content, security, etc.
The rules and policies of the App Store and Google Play store may change over time, so make sure your application continuously complies with the latest requirements.
If your application provides money services business in multiple countries or regions, you may need to consider complying with the financial regulatory requirements of each country and obtaining additional licenses or permits if necessary.
Ultimately, to successfully list your application, it is recommended to carefully study the rules of the App Store and Google Play store, ensure that your application meets all requirements, and collaborate with regulatory agencies if necessary to obtain the necessary licenses.