Articles
- Jurisdiction Guide8 min
What is the difference between a payment institution and an electronic money institution?
PI and EMI authorisations are frequently confused. This guide maps the regulatory boundary under PSD2, compares capital requirements, and helps you identify the correct route before filing an application.
Regulatory Editorial - Jurisdiction Guide9 min
EMI licence vs banking licence: what is the difference?
An EMI licence permits e-money issuance and stored-value products. A banking licence permits deposit-taking and lending. The boundary between these two routes is legally significant — and often misunderstood.
Regulatory Editorial - How To9 min
How to send money internationally: choosing the right regulated route
Whether you are building a remittance product, a cross-border wallet, or a crypto-to-fiat corridor, the regulatory route you choose — PI, MSB, EMI, or crypto licence — determines what you can do, where, and how much capital you need.
Regulatory Editorial
Browse by topic
- Payment servicesPI and EMI authorisations, PSD2 scope, payment account products and safeguarding.
- Banking readinessBanking licence routes, correspondent access, and what banking approval actually requires.
- Crypto and digital assetsMiCA, VASP, CASP, and navigating crypto regulation across jurisdictions.
- Remittance and money servicesMSB registration, PI vs MSB, and cross-border remittance route selection.
- Gambling and gamingOperator licences, B2B supplier routes, and responsible gambling compliance.
- Trading and investmentForex, investment firm, and brokerage regulatory routes explained.
Licence route hubs
Each hub explains the regulatory scope, audience fit, and decision criteria for a specific licence route — without commercial positioning.