What is a Payment Institution (PI) in the UK? Simply put, a Payment Institution (PI) is an organisation that has obtained a relevant license and is thus allowed to provide different types of payment services in that particular country or…
What is a Payment Institution (PI)? A Payment Institution (PI) in the EU is a firm that has obtained an Authorised Payment Institution (API) License or a Small Payment Institution (SPI) License. With these licenses, the firm can provide various…
API license is a step up from SPI license, allowing your business more transactional and regional freedom. Before applying for this license, your business must first qualify the list of conditions set forth by FCA. The application process for an…
If your company wishes to provide payment services such as money transfer, payment processing and payment initiation in the European Union, you need to apply for a Payment Insitution license. There are 2 categories of PI licenses: the Authorized Payment…