Electronic money institution/E-wallet
EMI (electronic money institution) license authorizes its owner to issue electronic money for the further conduction of payment operations. Functionally EMIs are close to banking institutions - they have the right to open sub-accounts for their customers (electronic wallets) and conduct transactions upon their order. The main diversity - EMI is not able to provide loans. Payment licenses of EMI type can be obtained in the countries of the European Union, Hong Kong, Singapore, Georgia and other countries. Services:
- advising on the jurisdictions for obtaining payment license and regulatory features;
- company formation and support of EMI/SVG/E-wallet licenses obtaining in different jurisdictions;
- preparation of AML, GDPR, KYC and other policies;
- bank account opening;
- accounting and legal support of payment companies.