Glossary A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z

PSP Licensing

Payment Service Provider Licensing is a mandatory step for any PSP to operate. PSPs need to ensure the regulatory institutions with a sound business plan for 3 years in advance, financial projections, risk management plan and eligible AML and CTF policies.

The licensing process is subjected to PSP regulations of a region or a country. For example, in the EU, PSP licensing is regulated by PSD2, in the UK by FCA and in Singapour by PSA.

2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB
2020 Copyright © European Merchant Bank UAB. All rights reserved.
European Merchant Bank UAB is licensed by European Central Bank (License No. 3)
Swift BIC: EUEBLT22
Bloomberg Dealing Code: EUEB