Financial Services

Electronic Money Institutions (EMIs)

What is an electronic money institution?

EMI or Electronic Money Institutions (EMIs) form the digital alternative to a bank where the client funds are stored in an ‘electronic wallet’. EMIs regulated by the EU can issue, distribute, and refund electronic money, and are authorised to perform transactions.

Establishing and licensing an EMI is a complex and multifaceted process with extensive industry and regulatory knowledge required. The license is similar to the PSP license with the main difference that EMI institutions can also handle Electronic Money.

How can CX Financia help?

An integrated, strategic solution to EMI licensing and operational requirements can place you in a position of strength and provide a clear vision for the future.

Our full suite of services includes:

  • Managing the authorisation and registration of EMIs/PIs aligned to your business needs and licensing requirements.
  • Providing a full range of core and ancillary services to support legal, accounting, bookkeeping, and auditing operations.
  • Consultation on structuring and managing your EMI to fuel growth and manage risks.
  • Unlocking business opportunities in Cyprus with executive training for personnel.

Our solutions suit start-ups, midsize and established organizations around the globe.

To learn more about how we can fuel growth for your EMI through a transparent and compliant framework.

Find out more about our licensing services.

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