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Small E-Money Institution (SEMI)

A Small E-Money Institution, also known as Small EMI or SEMI, is a type of Electronic Money Institution with the ability to issue electronic money. It is limited to providing payment services only. Small E-Money Institutions cannot provide account information or payment initiation services.

There are two other limitations to a  Small Electronic Money Institution:

  • The total commercial activity shall not generate an outstanding balance of over 5,000,000 Euros
  • The monthly average of the total amount of relevant payment transactions for the previous 12 months shall not exceed 3,000,000 Euros

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