/ Electronic Money Institution / Payment institution license

The number of Electronic Money Institutions (EMI) and Payment Institutions (PSP/PI) is continuously increasing.

We can assist you in getting the relevant license in Estonia and other selected European jurisdictions and keep your business compliant in the long run.

/ General requirements

The general requirements slightly change from country to country. In any case, they can be summarised as follows:

/ Passporting / Operating abroad

An EMI/PSP licensed in an EU Member State may offer its services in any other EU Member State without the requirement to obtain an additional licence and satisfy the prudential supervision rules imposed by the second Member State.

/ Timeframe

The time to obtain a license varies from country to country, and some EU Regulators are most likely faster than others. In any case, the decision on the application for an EMI/PSP license is usually made in 3-6 months.