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 announcement also reiterates the central bank’s expectations for applicants, pointing firms to its licensing roadmaps for process and documentation requirements, review timelines and other practical steps. It further encourages the use of pre-licensing consultations, where the central bank’s experts provide regulatory and documentation guidance and conduct an initial assessment of compliance with regulatory requirements to support higher-quality applications.
Central Bank of Latvia 2025-01-02
Central Bank of Latvia grants Paytegra an electronic money institution licence to issue e-money and offer payment instruments
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 central bank emphasizes the importance of its licensing roadmaps and pre-licensing consultations to guide applicants through the process and improve application quality.