Tag EMI license

EU: License Application Prescreening

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…

EMI License Lithuania

Faisal Khan LLC - EMI License Lithuania.

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…

EMI License EU (European Union)

Faisal Khan LLC - EMI License EU (European Union).

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. …

Fees Details for EMI License UK

Faisal Khan LLC - Fees Details for EMI License UK.

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…

EMI Licensing Process in the UK

Faisal Khan LLC - EMI Licensing Process in the UK

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…

Applying for a New EMI License in the UK

Faisal Khan LLC - Applying for a New EMI License in the UK.

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…

EMI License UK

Faisal Khan LLC - EMI License UK

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…