SIA "Baltic Payment Solutions"

Registration number
Legal address
Kuģu iela 26 - 81, Rīga, LV-1048
Country of origin

Market segments

Market segment
Payment service providers
Other market segments

Licenses / Types of activities

Payment institutions
Authorized payment institutions
Authorized payment institutions
Date: 16.09.2015
Money remittance
Date: 16.09.2015
Payment service providers

Type of infringement
Breaches of Law on Payment Services and Electronic Money and AM/CTF law and FCMC regulatory requirements: equity gap and weaknesses in customer due diligence and transaction monitoring
In force
Sanctions applied
The provision of payment services has been suspended, except for the initiation of payments using the terminals located in the territory of Latvia for merchants and service providers registered in Latvia; a fine of 7280,70 euro imposed on the payment institution; a warning issued to the employee responsible for the AML/CTF Aleksandra Kuļbacka
Related article

How to become a market participant

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).

Learn more


Kungu iela 1, Riga, LV-1050
6 7774800
To report on unauthorised firms
Data protection

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