Regulatory Alerts2026-07-09
Added · Updated
Bank of Latvia Issues E-Money Institution License to SIA MOIN Payments
The Bank of Latvia issued an e-money institution license to SIA MOIN Payments on July 8, authorizing it to provide account-free money transfer services. This approval brings the national total to 12 licensed and one registered e-money institution, alongside ten licensed payment institutions, reflecting a steady increase in regulated payment entities. The central bank directs prospective applicants to its official licensing guidelines and pre-licensing consultations to ensure regulatory compliance and streamline the approval process.