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Small Payment Institution (SPI)

A Small Payment Institution, also known as Small PI or SPI, is a type of payment service provider with limited volumes of monthly transactions. For a Small Payment Institution, the monthly average of the yearly amount of transactions shall not exceed 3,000,000 Euros.

Only an Authorized Payment Institution (API) is able to go beyond this limitation. Additionally, SPIs cannot provide payment initiation and account information services while Authorized Payment Institution can provide both.

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