The Central Bank of Latvia has issued an electronic money institution operating licence to MONELIQ EUROPE SIA, following a decision by its Supervision Committee on 3 March. The licence authorises the firm to issue electronic money, execute payments, issue a payment instrument and accept payments, and to provide payment initiation and account information services. The central bank noted that Latvia currently has ten licensed and one registered electronic money institutions, alongside four licensed payment institutions. For prospective applicants, the Central Bank of Latvia pointed to its licensing guides on process, requirements, documentation and review deadlines, and encouraged firms to use pre-licensing consultations to obtain guidance on the applicable legal framework and an initial assessment of compliance with regulatory requirements.
Central Bank of Latvia 2026-03-04
Central Bank of Latvia grants electronic money institution licence to MONELIQ EUROPE SIA
The Central Bank of Latvia has granted an electronic money institution licence to MONELIQ EUROPE SIA, enabling it to issue electronic money and provide payment services. Latvia now hosts ten licensed and one registered electronic money institutions, along with four licensed payment institutions. The central bank advises applicants to consult its licensing guides and engage in pre-licensing consultations for compliance guidance.