The Central Bank of Latvia has issued an electronic money institution operating licence to SIA Paytegra, authorising it to issue electronic money and offer payment instruments. The central bank also pointed prospective applicants to its licensing roadmaps, which set out the authorisation process and requirements, including required documentation and application review deadlines. It encouraged firms to use pre-licensing consultations, where experts provide guidance on applicable regulations and documentation and conduct an initial assessment of compliance with regulatory requirements.
Central Bank of Latvia 2025-01-02
Central Bank of Latvia grants SIA Paytegra an electronic money institution operating licence
The Central Bank of Latvia has granted an electronic money institution operating licence to SIA Paytegra, allowing it to issue electronic money and offer payment instruments. The bank highlighted its licensing roadmaps detailing the authorisation process and urged firms to engage in pre-licensing consultations for regulatory guidance and compliance assessment.