During our webinar, we will talk about licensed European Payment institution and E-money
institution, as well as the Internet acquiring.
We will consider legislative regulation, an order of receipt of licenses, features of
interaction with banks, etc.
Why we namely talk about Europe? There are several reasons. The first reason is legislative.
As far back as 2009, the Directive governing activities of payment operators PSD,
2007/64/EC, came into force in Europe. For the past 10 years, regulatory authorities have
gained the sufficient experience in the work with such companies, while banks and
international payment systems have understood specific features of activities of such
The company, which has such license, can render the following services to clients:
- Open and maintain e-currency accounts/ payment accounts of its clients, which are legal
entities and individuals (including with IBAN assignment);
- Issue financial instruments, including prepaid and debit bank cards;
- Perform money transfers without the necessity to open the account (remittance);
- Receive payments in favor of its clients by various means, including payments from bank
cards, transfers, SWIFT/SEPA payments, etc.
In other words, the company can actually render bank services (except for crediting and
investment activities) without the necessity to register as a bank.
During the webinar all participants will have an opportunity to pose their questions to the speakers.
The webinar is conducted in Russian and English languages.