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.
New elements in the digital resilience framework for the financial sector
In today's financial ecosystem, digital resilience is no longer a peripheral concern – it has become the central pillar of operational stability and business continuity. As financial services rapidly digitalise, the entire industry has become deeply intertwined with information and communication technologies.
Latvijas Banka issues an authorisation to provide crowdfunding services to SIA Ascend Finance
On 9 July, the Supervision Committee of Latvijas Banka issued an authorisation to provide crowdfunding services to SIA Ascend Finance.
Latvijas Banka is issuing an electronic money institution operating licence to SIA Pace FS
On 18 June, the Supervision Committee of Latvijas Banka issued an electronic money institution operating licence to SIA Pace FS.
Innovations – an integral part of Latvia’s financial sector
For the fifth consecutive year, Latvijas Banka has compiled information on the innovative solutions employed by participants in Latvia's financial market, offering valuable insights into the sector's technological transformation and helping understand the extent to which innovations are being used and effectively integrated across the financial sector.
The first non-bank payment service provider has joined Latvijas Banka’s payment system EKS
The first non-bank payment service provider has joined the Electronic Clearing System (EKS), the payment system created and maintained by Latvijas Banka. SIA xpate, an electronic money institution licensed in Latvia, has successfully started participating in the EKS clearing service.
Latvijas Banka is issuing an electronic money institution operating licence to AP OPERATIONS SIA
On 26 March, the Supervision Committee of Latvijas Banka issued an electronic money institution operating licence to AP OPERATIONS SIA.
