Payment and Electronic Money Institutions
Payment and Electronic Money Institutions (EMI) have been revolutionising the world of digital money and payment services at an unprecedented speed. Traditional banking has been disrupted by the creative combination of regulated payment services and user-experience focused ventures. Establishing an EMI license, in the sensitive e-money and payments industry is pursued by entrepreneurs and established stakeholders alike.
The SALVUS Payment Services Licensing team
We have a dedicated payment services regulation and compliance team and welcome all your questions in regards to CASP registration, crypto investment firms or crypto investment funds at [email protected].
Our Payment Services Licensing team at SALVUS is composed of industry-leading professionals. Through our years of practice, we have accumulated knowledge to help you obtain the most appropriate Electronic Money Institution (EMI) license for your unique business venture.
Our EMI licensing service entails:
- The preparation of an EMI license application package tailored to your business plan
- The due diligence of the shareholders, directors, and other stakeholders
- The assistance of recruitment for the fulfilment of required positions including any outsourcing arrangements
Additionally, we can help you decipher which jurisdiction is beneficial for your business and can support you in the establishment of your EMI. Our priority is to help you obtain the most suitable license for your EMI in the jurisdiction you want to operate in.
We have experience in acquiring an EMI license in several jurisdictions comprised of different regulatory requirements including Cyprus, Lithuania, Malta, and Ireland just to name a few.
At SALVUS, we implement a project management approach whereby we comprehensively help our clients with:
- Designing solutions tailored to meet your business needs
- Supervising the project’s implementation from scratch until completion by the support of a third-party vendor or in-house developers
- Supporting in developing, leasing, or buying an EMI platform including the processing system and payment system architecture
Once the EMI structure has been complete and your business has obtained the required license for operation, our team also provides perpetual support via consultations post-licensing. We consult with the senior management of your EMI to ensure compliance with the regulatory framework. Consequently, we can also become your appointed internal auditor.
Ready-made licensed for acquisition or sale
Through our entity acquisition or sale support, we are active in dealing with existing payment institutions and EMI licenses’ change of ownership, with either a seller’s or a buyer’s mandate. Our services include the identification of a target licensed entity based on your business needs, negotiation between parties, compliance and financial due diligence, and transaction facilitation.
Our Payment Services Licensing team is ready to help fulfil your payment and electronic money institution business needs and we look forward to being of value. Please contact us at [email protected] to discuss more.