Regulatory Alerts2026-06-12
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Latvijas Banka issues payment institution license to SIA Fibonatix (LV)
The Supervisory Committee of the Bank of Latvia issued a payment institution license to SIA Fibonatix (LV) on June 11, authorizing the company to provide payment acceptance services for merchants. This brings the total number of licensed payment institutions in Latvia to nine, alongside eleven licensed electronic money institutions and one registered electronic money institution. The Bank of Latvia also noted that it has issued twelve licenses to financial market participants this year, highlighting the efficiency of its licensing process.