Payment Institution License is a basic requirement to provide payment services and issue electronic money. With a payment Institution license, a financial entity is enabled to carry out payment transactions, money remittances, and direct debit/credit transfers, etc.

The following are required to obtain a payment Institution license: a high standing and reputation in the financial ecosystem, an appropriate risk management protocol, and a safeguarding account.

00:00 Intro
00:02 What is a Payment Institution License - PI License?
00:16 What are The Requirements to Obtain a Payment Institution License?

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