Deep Dives16 min read
EU Payment License Types Explained: EMI vs PI vs Agent Model for Platforms
An electronic money institution (EMI) can issue electronic money and provide authorised payment services. A payment institution (PI) provides payment services but cannot issue electronic money under its PI authorisation. A registered payment-services agent acts for a regulated principal within an agreed scope. Choose the route by examining the claim the customer holds, who receives and controls funds, and what payment activities each entity performs.
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