Difference between an API and an EMI
What is the basic difference between an Authorized Payment Institution and an Electronic Money Institution? This very short video explains the basic difference when it comes to funds handling for an API vs. EMI.
authorized payment institution
UK & EU: SPI, API & EMI License
UK and Europe have two different licensing regimes, both issued under the Payment Services Directive. The two licensing options are: Electronic Money Institution (or commonly referred to as E-Money Institution), and Payment Services Institution (or commonly referred to as PI) or Payment Institution license for short The original Payment Services Directive was issued in 2007 and the new one called Payment …
SPI vs API License (UK)
Hello, My name is Faisal Khan. I’m a banking and payment consultant. A question that I get asked a lot is what’s the difference between an SPI and an API with respect to UK licensing. Well an SBI is a small payment institution license and an API is an authorized payment institution license. What’s the …