Payment service providers generally face strict licensing, operational and compliance requirements. Regulatory compliance often differs depending on where the payee is, where the recipient is, the payment amount and method, the payment networks involved, and the purpose of the payment. Some payment companies focus their compliance to one region, while others take a holistic approach so they can meet regulatory requirements anywhere in the world. Adopting best practices can position payment service providers to adapt to any regulatory changes they encounter in different regions.