Glossary

Payment Initiation Service Provider (PISP) is a financial institution that facilitates online...

Payment Institution License is a basic requirement to provide payment services and issue...

Payment licenses allow companies, brands, or platforms to accept and process payment transactions,...

 A payment service provider, also known as a PSP, is a third-party financial institution that...

Payment Institutions (PIs) and Electronic Money Institutions (EMIs) are two main types of...

Platform Business Model is used to describe a company that is able to profit off of a platform...

A Prefunding Account is required to pay in advance for transactions processed by a bank or an...

PSD2, or Payment Service Providers Directive 2, is the European regulatory directive for Payment...

Payment Service Provider Licensing is a mandatory step for any PSP to operate. PSPs need to ensure...