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PAYMENT & ELECTRONIC MONEY INSTITUTION LICENSING

Payment services licensing experts providing legal & compliance support for license applications

Apply for a Payment or Electronic Money Institutions License

Our law firm offers a range of services to assist with licensing applications for payment and electronic money institutions, including:
 

  • EMI and payment institution licensing and regulatory compliance advice

  • Payment services law and regulation advice

  • Drafting and negotiating commercial agreements

  • Dispute resolution and litigation services

  • Consultation on the registration and authorisation of the EMI or payment institution

  • Consultation on the organisational structure

  • Consultation on the applicable business model

  • Preparation of the ‘Promoter’s Application File’ which includes the following (the below documents require input from the client):

  • Preparation of the Programme of Operations

  • Preparation of the Business Plan

  • Preparation of the Financial Forecasts

  • Preparation of the Risk Management and Procedures Manual

  • Review of the Shareholders’ and Directors’ Questionnaires

  • Review of all supporting documents that must accompany the Application

  • Preparation of the Application Form

  • Post Application submission follow up and response to communication with the central bank

  • Support on enquiries concerning the application process

Contact our experienced licensing team to start your payment or electronic money institution license application today via the form below. A member of our team will respond to you promptly.

Contact Us

+357 25933302

The Payment Services Industry

The payment services industry is a rapidly growing sector that is transforming the way we pay for goods and services. From traditional banking services to innovative fintech solutions, the industry is constantly evolving to meet the needs of consumers and businesses alike.

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Some of the key trends driving growth in the payment services industry include:

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  • The rise of e-commerce and mobile payments

  • The increasing demand for contactless and digital payment solutions

  • The growing adoption of cryptocurrencies and other digital assets

  • The expansion of cross-border payments and remittances

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As a result, the payment services market is expected to continue to grow significantly in the coming years.

Licensing for Payment & Electronic Money Institutions

An electronic money institution app on a mobile phone

Licensing for payment and electronic money institutions (EMIs) is a process by which financial regulators authorise companies to provide payment services. The specific requirements for licensing vary from country to country, but they typically include demonstrating that the company has the necessary financial resources, operational expertise, and security measures in place to protect consumers and businesses.

Contact EMI license application
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