What is a Payment Institution (PI) in the UK? Simply put, a Payment Institution (PI) is an organisation that has obtained a relevant license and is thus allowed to provide different types of payment services in that particular country or…
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…
What is an API? An Authorized Payment Institution (API) is a designation obtained through a license in the European Union under which the relevant entity is allowed to offer payment services within a particular region. These services include but are…
Welcome to our detailed pricing for Authorized Payment Institution Licensing in the UK! If you’re looking to operate an electronic money or payment services business, an Authorized Payment Institution (API) license is a must-have. Our team of experts is here…
The process of obtaining a UK API License may seem cumbersome at first, but with our support, you have little to worry about. We can help you with the following tasks: These are the services we offer in a nutshell,…
To obtain a UK API License, you must meet the following requirements: Apart from this, the FCA also requires that the shareholders of the establishing institution are proper and that the management body has a good reputation in the industry…
To apply for an EMI License in the UK, you are required to submit the following with your application:
To apply for the SPI licence, the following criteria must be met (from the FCA website):
What is a Small Payment Institution License in the UK and Who Issues it? A small payment institution (SPI) license in the United Kingdom is a type of license that allows a company to carry out limited payment services within…
A Small Payment Institution in the UK is issued by the FCA which currently regulates about 59,000 firms. A SPI license in the UK enables you to offer a lot including depositing and withdrawing money from a payment account, execution…