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Authorised EMI License

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Authorised EMI License, or Authorised Electronic Money Institution License, is required for any EMI to conduct its operations as an Authorised EMI.

The difference between a Small EMI License and Authorised EMI License is that the latter has extra capabilities to provide payment initiation and account information services along with issuing electronic money. The initial capital requirement for an Authorised EMI License is EUR 300.000 while for a Small EMI License no initial capital is required.