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Latvijas Banka is issuing an electronic money institution operating licence to SIA GR8 PAY
On 10 December, the Supervision Committee of Latvijas Banka issued an electronic money institution operating licence to SIA GR8 PAY.
Latvijas Banka expands instant payment verification solution for financial institutions across Europe
As of October 2025, Latvijas Banka is the only central bank in Northern Europe offering the Instant Verification Service (IVS) at the Eurosystem level to payment service providers – banks and fintech companies – both in Latvia and across Europe. This secure solution helps payment service providers seamlessly comply with new EU instant payment regulations, while enhancing customer experience and reducing operational and reputational risks.
How fintechs can join Latvijas Banka’s payment system
Latvijas Banka offers non-bank payment service providers the opportunity to join the Electronic Clearing System (EKS) – a payment system created and operated by Latvijas Banka.
Practical guidance for potential financial market participants
For potential financial market participants – especially fintech companies – navigating the licensing process or preparing AML documentation can raise many practical questions. To help make the process clearer, experts from Latvijas Banka share their insights and advice in a series of short Q&A sessions.
Performance indicators of e-money institutions and payment institutions remain on an upward trend
In June 2025, 9 electronic money institutions (8 licensed and 1 registered) and 4 payment institutions (all licensed) were operating in Latvia.
Latvia Fintech Forum 2025
On 30 September, the Latvia Fintech Forum 2025 in Riga brought together 300 representatives from the fintech sector across the Baltics and other European countries.
Latvijas Banka issues an authorisation to CSP Growth Solutions SIA to operate as a crowdfunding service provider
On 16 September, the Supervision Committee of Latvijas Banka issued an authorisation to CSP Growth Solutions SIA to operate as a crowdfunding service provider.
