EMI (Electronic Money Institution) for sale in France

Key details

• Founded: 2022
• Licence: full EMI licence, issued by the Autorité de Contrôle Prudentiel et de Résolution (ACPR)
• Passport coverage: 31 EEA countries
• SWIFT: through correspondent banks
• SEPA: participates directly
• Accounts: at local and international banks, safeguarding accounts among them
• Currencies: EUR, USD, GBP and CHF
• Cards: Visa Principal Membership, active
• AML/KYC: policies cleared by the regulator and in operation
• Corporate structure: clean, without liabilities
• Capital: €350,000
• Core system: basic infrastructure that is ready to be expanded

Licensed activities

• Issuance and redemption of electronic money
• Payment accounts with IBANs, opened and managed for clients
• Card payments, direct debits and credit transfers
• Money remittance, domestic as well as cross-border
• Cards: issuing and acquiring
• Account information and payment initiation services under PSD2
• Passported services in all EEA countries

Suitable for

• Fintech firms bringing e-money services into the EU
• Payment service providers that are growing cross-border operations
• Investors seeking a regulated platform ready to scale at once
• Groups behind digital banking or neobank launches
• Businesses that want to add card issuing, remittance or e-wallets