Registered in the Register of electronic money institutions since 13.01.2012.
The institution is entitled:
– to issue electronic money;
– to provide payment services referred to in Subparagraphs “e” and “f” of Paragraph 1 of Article 1 of the Law on Payment Services and Electronic Money.
In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).