Regulatory AlertsSlovenia: fintech & payments regulation
RegulatedSlovenia: PSD2/EMD2 licensing via Banka Slovenije; MiCA pending implementation
- Lead regulator
- Banka Slovenije
- Also involved
- FINSUP (financial supervision) · AGENIPI (AML/CFT)
- Core law
- Payment Services Act (ZPlaSSID)
- Entry capital
- EUR 20,000 (Payment Institution)
- Approval timeline
- 3-4 months
- Customer assets
- Segregated or insured
- Data protection
- GDPR · AIP
- Sandbox
- No
Slovenia regulates fintech and payments primarily through the Payment Services Act (ZPlaSSID), which transposes EU PSD2 and EMD2. Banka Slovenije is the competent authority for licensing Payment Institutions (PIs) and E-money Institutions (EMIs). The jurisdiction follows a strict passporting regime for EU entities. MiCA implementation is ongoing but not yet fully reflected in specific national capital floors for crypto-assets in the provided documents.
Which licence do you need?
| Your activity | Requirement | Capital | Timeline | Authority |
|---|---|---|---|---|
| Payment processing / gateway | LicencePayment Institution[1] Requires PI license under ZPlaSSID for payment processing | EUR 20,000 | 3-4 months | Banka Slovenije |
| E-money & wallet issuance | LicenceE-money Institution[1] Requires EMI license under ZPlaSSID for e-money issuance | EUR 350,000 | 3-4 months | Banka Slovenije |
| Domestic money transfer | LicencePayment Institution[1] Domestic transfers fall under PI license scope | EUR 20,000 | 3-4 months | Banka Slovenije |
| Cross-border remittance | LicencePayment Institution[1] Cross-border remittances require PI license | EUR 20,000 | 3-4 months | Banka Slovenije |
| Agent network | RegistrationAgent Registration[1] Agents must be registered with the competent authority | — | — | Banka Slovenije |
| Open banking / account information | LicenceAIS/PSP License[1] AIS providers require authorization under PSD2 | — | — | Banka Slovenije |
| Foreign-exchange services | LicencePayment Institution[1] FX services are payment services requiring PI license | EUR 20,000 | 3-4 months | Banka Slovenije |
New — what changed recently
- 2024-07-26Decision on Credit Servicers Register — Banka Slovenije adopted EBA guidelines for national registers of credit servicers under Directive (EU) 2021/2167.[2]
- 2024-05-31Regulation on Fees for Decision-Making — Established fixed fees of EUR 800 for authorization grants and withdrawals under the Purchasers and Servicers of Banks’ Non-Performing Loans Act.[3]
- 2023-05-15Decision on Documentation for Licences — Specified detailed documentation requirements for banking and financial services licenses under the Banking Act.[4]
Market-entry checklist
- 1Submit PI/EMI License ApplicationPrepare application with EUR 20k/350k capital proof and business plan to Banka Slovenije.
- 2Register as AML Reporting EntityRegister with AGENIPI for AML/CFT supervision obligations.
- 3Establish Local PresenceEnsure physical office and qualified management in Slovenia.
- 4Implement PSD2 ComplianceAdopt technical and organizational measures for secure customer authentication.
Sources
- Bank of Slovenia Regulation on Application of EBA Guidelines on Complaint Procedures for PSD2 Infringements · 2019-04-29
- Decision on the Application of Guidelines on the Establishment and Maintenance of National Lists or Registers of Credit Servicers under Directive (EU) 2021/2167 · 2024-07-26
- Regulation on Fees for Decision-Making Procedures and Annual Supervision Fees by the Bank of Slovenia · 2024-05-31
- Decision on Documentation for Issuing Licences for Banking and Financial Services · 2023-05-15