The process for applying for a Small Payment Institution (SPI) license is fairly straightforward, but it does require that businesses fulfill certain requirements. A completed application form along with the necessary supporting documentation must be submitted to the Financial Conduct…
To obtain a Small Payments Institution (SPI) license in the UK, you will need to follow the steps outlined below: Please note that the above is a general overview of the process for obtaining a Small Payments Institution license in…
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…
If your company wishes to provide payment services such as money transfer, payment processing and payment initiation in the European Union, you need to apply for a Payment Insitution license. There are 2 categories of PI licenses: the Authorized Payment…