The Central Bank of Latvia's Supervision Committee has licensed SIA Fibonatix to operate as a payment institution, authorising it to provide payment acceptance services. The company plans to offer those services to merchants. Following the decision, Latvia has nine licensed payment institutions, 11 licensed electronic money institutions and one registered electronic money institution. The central bank has issued 12 licences to financial market participants this year. For prospective applicants, the central bank pointed to its licensing guides and pre-licensing consultations, which cover documentation, review timelines, the applicable legal framework and an initial assessment of compliance with regulatory requirements.
Central Bank of Latvia2026-06-12
Central Bank of Latvia grants payment institution licence to SIA Fibonatix for payment acceptance services
The Central Bank of Latvia has licensed SIA Fibonatix as a payment institution, allowing it to provide payment acceptance services to merchants. Latvia now has nine licensed payment institutions, and the central bank has issued 12 licences to financial market participants this year.