Payment and e-money institutions
Are you planning to provide payment services? Can you offer the market an innovative solution that makes payments faster and easier? Find out how to obtain authorisation to provide payment services.
Payment services
Do you want to obtain payment institution or e-money institution authorisation? Find out what authorisation is needed to provide payment services.
E-money services
Electronic money or e-money is the monetary value stored in an electronic device, which is issued in exchange for money for the purpose of making payments. Authorisation issued by Latvijas Banka is needed for issuing e-money.
Comparison of service providers and requirements
Please examine the summary of key requirements to make it easier to decide on Latvijas Banka's authorisation that would be required for the planned payment services or e-money business.
Guidance on the preparation of qualitative application
Please follow these guidelines to ensure that an application for authorisation is well-prepared to ensure smooth and effective processing of application by Latvijas Banka.
Licensing process
There are several steps for review of application for a licence. Find out how to prepare for submission of the application and how the application is assessed.
Consultations with experts of Latvijas Banka
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Success story
Vladislavs Beļskis
Founder of JOOL PAY
We applied to Latvijas Banka with the intention to obtain an operating licence for a new payment service. The cooperation was successful and in March of this year, we received a licence from Latvijas Banka to operate as a payment institution with the right to provide money remittance services.
