The Central Bank of Latvia’s Supervision Committee has licensed Velvian SIA as a payment institution, authorizing it to provide payment acceptance services. The company plans to enable merchants, platforms and other business customers to accept card payments. The license is the seventh payment institution license issued by the central bank in 2026. Latvia now has 11 licensed payment institutions.
2026-09-17Central Bank of Latvia
Central Bank of Latvia licenses Velvian SIA to provide payment acceptance services
The Central Bank of Latvia has licensed Velvian SIA to provide payment acceptance services, including enabling card payments for merchants, platforms and other business customers. It is the seventh payment institution license issued in 2026, bringing the number of licensed payment institutions in Latvia to 11.