Tag EU
Common EU list of third-country jurisdictions for tax purposes
The Common EU list of third country jurisdictions for tax purposes is a list of countries and territories that the European Union (EU) considers to be non-cooperative in the area of taxation. The list was first established in 2017 and…
What is Europe’s Electronic Money Directive or EMD?
The Electronic Money Directive (EMD) is a piece of European Union (EU) legislation that sets out the regulatory framework for electronic money (e-money) in the EU. The EMD applies to all financial institutions that are authorized to issue e-money in…
What is an Electronic Money Institution (EMI) License in Europe and what is it used for?
An electronic money institution (EMI) is a type of financial institution that specializes in issuing electronic money, also known as e-money. E-money is a digital representation of monetary value that is issued by an EMI and accepted as a means…
Small Electronic Money Institution (SEMI) License EU
What is a Small Electronic Money Institution License? If an institution wants to offer most of the services that are offered by a payment institution and deal with issuance and redemption of electronic money then it must obtain a Small…
Payment Institution License EU
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…
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. …
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: The original Payment Services Directive was issued in 2007 and the new one called Payment Service Directive (Revised), commonly referred to as Payment Service Directive 2…
Buying an existing License
It is possible for a company to purchase an existing money transfer license in the United States. Money transfer licenses are typically issued by state financial regulatory agencies or by the federal government. In order to operate a money transfer…