An electronic money institution (EMI) is a type of financial institution that is authorized to issue electronic money (e-money), which is a digital representation of monetary value that is accepted as a means of payment by other parties. E-money can…
Timeframe Once you have made an application to us, please wait for our representative to get in touch with you. We should get back to you within 5-10 working days. We will be happy to assist you and answer all…
Any business that wishes to operate as a Payment Institution and deal with E-Money must obtain a Small Electronic Money Institution (SEMI) License. With the SEMI License, you can not only enter the UK’s financial markets but also offer electronic…
If you are an incumbent and would like to set foot in the electronic money market in the UK, you can apply for the UK SEMI License. Electronic Money (e-money) is a digital store of a monetary value on a…
What is a Small Electronic Money Institution License? A Small Electronic Money Institution (SEMI) License allows the relevant entity to issue and redeem electronic money (e-money) as well as provide most of the services that are offered by a Payment…
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…
In essence, Small Electronic Money Institutions (SEMI) are a blend of Small Payment Institutions and Electronic Money Institutions. This simply means that SEMIs can offer some payment services and deal with the issuance and redemption of electronic funds under certain…