A structured licensing framework for payment institutions, electronic money issuers, remittance operators, and related digital payments activities—built around clear scope definitions, governance expectations, safeguarding principles, and risk-based compliance.
Applications are processed via appointed Registered Agents. Public verification is provided through the Neves Licensing Authority register.
Clear categorisation helps applicants map real-world operations to permitted activities and controls.
Payment initiation, merchant acquiring models, and operational controls around settlement and chargebacks.
PSP License detailsIssuance and redemption processes, float management expectations, and safeguarding approach for stored value.
EMI License detailsCross-border transfers, agent networks, sanctions screening controls, and risk-based transaction monitoring.
Remittance detailsBanks, payment partners, and counterparties increasingly assess whether the licensed scope aligns with operational reality (products, flow-of-funds, settlement model, and control environment). Vague authorisations can create onboarding friction.
Map activities → controls → reporting. Keep the scope readable and defensible.
Globally, frameworks commonly distinguish between payment institutions (execution/acquiring), electronic money institutions (issuance/redemption), and money services businesses (remittance/FX-related transfer). The practical differences usually show up in safeguarding, governance, and reporting intensity.
Designed for structured submissions via Registered Agents, with publication of key register fields post-issuance.
Appoint an approved agent to coordinate submission, completeness checks, and communication.
Corporate profile, business plan, flow-of-funds, policies, and operational controls pack.
Directors and key officers assessed against suitability, competency, and integrity criteria.
Safeguarding approach, AML programme, risk monitoring, and systems/security controls reviewed.
License issuance with publication of standard register fields for verification and transparency.
Periodic reporting, renewals, supervisory engagement, and updates for material changes.
Where most payment operators fail: unclear funds protection, weak settlement mapping, and thin compliance design.
Launch set of foundational articles for scope clarity, safeguarding, AML design, and onboarding readiness.
How payment institutions are typically defined, what activities are in-scope, and how controls map to operations.
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Where frameworks often draw the line: issuance/redemption, safeguarding intensity, and reporting expectations.
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How to structure segregation, reconciliation, and settlement mapping to reduce onboarding friction.
Read articlePublic verification is performed through the Neves Licensing Authority register. This site does not host a search directory. Use the verification pathway to view register fields and confirmation guidance.
