As an initial note, we wish to highlight that we receive numerous inquiries from entities keen on obtaining a license within the European Union. Unfortunately, there’s a prevalent misconception that the licensing process simply involves paying an application fee or…
What is an EMI License in Lithuania? An Electronic Money Institution (EMI) License is a license, issued by the Bank of Lithuania, that allows an institution to issue and redeem electronic money. Electronic money (e-money) refers to a digital store…
If you are interested in starting a pseudo-bank or a neo-bank in the EU and need to provide access to wallets, cards, and IBANs to your customers you would be needing an EMI License or an E-Money License in Europe. …
Welcome to our Electronic Money Institution Licensing page, where you can obtain all the necessary information and guidance you need to get your business up and running. An Electronic Money Institution (EMI) license in the UK is essential if you…
We can certainly help you acquire an EMI license in the UK. We can assist you with:
Timeframe It takes anywhere from six to twelve months to acquire an EMI license in the UK (provided all documentation is complete). In cases where the FCA demands additional details and documents, the licensing process is extended. However, to avoid…
To apply for an EMI License in the UK, you are required to submit the following with your application:
Any business in the UK wanting to issue e-money has to apply for an EMI license. Electronic money (e-money) is electronically (including magnetically) stored monetary value, represented by a claim on the issuer, which is issued on receipt of funds…
What Is an EMI License in the UK? An EMI (Electronic Money Institution) license is authorized by the FCA (Financial Conduct Authority) to companies who want to issue and redeem electronic money. EMI License holders in the UK can issue…
Unlike Payment Institution, E-Money license is solely regulated by FCA, while this allows for fewer requirements for approval by the governing body, it also means that it is less protected than a conventional banking license. As a licensed EMI, you…