A sponsoring license holder, also known as a sponsoring entity, is a financial institution or other organization that holds a license or approval from a regulatory agency to provide certain financial products or services. The sponsoring license holder is responsible…
A sponsor license agreement is a legally binding agreement between a financial institution or other organization (the sponsor) and a regulatory agency, such as a central bank or other financial regulator. It sets out the terms and conditions under which…
In the banking, payments, and licensing industry, a sponsor may refer to a financial institution or other organization that helps facilitate the process of obtaining licenses or approvals for financial products or services. This can include helping to prepare and…
A money service operator (MSO) is a type of money services business (MSB) that is licensed and regulated by a government agency to provide financial services such as currency exchange, money orders, wire transfers, and check cashing. The term “MSO”…
An Electronic Money Institution (EMI) is a financial institution that is authorized to issue electronic money (also known as e-money) and provide payment services. E-money is a digital representation of monetary value that is issued on behalf of a natural…
What is a Payment Institution? A payment institution (PI) is a type of financial institution that provides payment services in the European Union (EU) and the European Economic Area (EEA). Payment institutions are regulated at the EU or national level,…