# Payment institution (PI) Source page: https://protegra.io/licensing/licences/payment-institution/ A payment institution (PI) licence authorises payment services such as money remittance, executing transfers, card acquiring, payment initiation and account information, but not issuing electronic money. In the EU it rests on PSD2, capital ranges from EUR 20,000 to EUR 125,000 depending on the services, and the licence can be passported across the EEA. ## Where the PI licence is available _Jurisdictions in the Atlas that issue a PI licence. Click a country for its page._ ## Comparison by country | Country | Regulator | Min. capital | Statutory time | Passport | | --- | --- | --- | --- | --- | | [Czech Republic](https://protegra.io/licensing/licences/payment-institution/czech-republic-aisp/) | [CNB](https://protegra.io/licensing/regulators/cnb-czechia/) |: | 3 mo | Domestic | | [Czech Republic](https://protegra.io/licensing/licences/payment-institution/czech-republic-small-scale/) | [CNB](https://protegra.io/licensing/regulators/cnb-czechia/) |: | 1 mo | Domestic | | [Czech Republic](https://protegra.io/licensing/licences/payment-institution/czech-republic/) | [CNB](https://protegra.io/licensing/regulators/cnb-czechia/) |: | 3 mo | EU/EEA | | [Estonia](https://protegra.io/licensing/licences/payment-institution/estonia-exception/) | [FI](https://protegra.io/licensing/regulators/finantsinspektsioon-estonia/) |: |: | EU/EEA | | [Estonia](https://protegra.io/licensing/licences/payment-institution/estonia/) | [FI](https://protegra.io/licensing/regulators/finantsinspektsioon-estonia/) |: | 3 mo | EU/EEA | | [Georgia](https://protegra.io/licensing/licences/payment-institution/georgia/) | [NBG](https://protegra.io/licensing/regulators/nbg-georgia/) |: |: | Domestic | | [Germany](https://protegra.io/licensing/licences/payment-institution/germany-aisp/) | [BaFin](https://protegra.io/licensing/regulators/bafin-germany/) |: |: | Domestic | | [Germany](https://protegra.io/licensing/licences/payment-institution/germany/) | [BaFin](https://protegra.io/licensing/regulators/bafin-germany/) |: | 3 mo | EU/EEA | | [Ireland](https://protegra.io/licensing/licences/payment-institution/ireland-aisp/) | [CBI](https://protegra.io/licensing/regulators/central-bank-of-ireland/) |: |: | Domestic | | [Ireland](https://protegra.io/licensing/licences/payment-institution/ireland/) | [CBI](https://protegra.io/licensing/regulators/central-bank-of-ireland/) |: |: | EU/EEA | | [Latvia](https://protegra.io/licensing/licences/payment-institution/latvia-registered/) | [LB](https://protegra.io/licensing/regulators/latvijas-banka/) |: | 0.7 mo | EU/EEA | | [Latvia](https://protegra.io/licensing/licences/payment-institution/latvia/) | [LB](https://protegra.io/licensing/regulators/latvijas-banka/) |: | 0.7 mo | EU/EEA | | [Lithuania](https://protegra.io/licensing/licences/payment-institution/lithuania-restricted/) | [LB](https://protegra.io/licensing/regulators/bank-of-lithuania/) |: |: | Domestic | | [Lithuania](https://protegra.io/licensing/licences/payment-institution/lithuania/) | [LB](https://protegra.io/licensing/regulators/bank-of-lithuania/) |: | 3 mo | EU/EEA | | [Luxembourg](https://protegra.io/licensing/licences/payment-institution/luxembourg/) | [CSSF](https://protegra.io/licensing/regulators/cssf-luxembourg/) |: | 3 mo | EU/EEA | | [Malta](https://protegra.io/licensing/licences/payment-institution/malta-aisp/) | [MFSA](https://protegra.io/licensing/regulators/mfsa-malta/) |: |: | Domestic | | [Malta](https://protegra.io/licensing/licences/payment-institution/malta/) | [MFSA](https://protegra.io/licensing/regulators/mfsa-malta/) |: | 3 mo | EU/EEA | | [Netherlands](https://protegra.io/licensing/licences/payment-institution/netherlands-exempt/) | [DNB](https://protegra.io/licensing/regulators/dnb-netherlands/) |: |: | Domestic | | [Netherlands](https://protegra.io/licensing/licences/payment-institution/netherlands/) | [DNB](https://protegra.io/licensing/regulators/dnb-netherlands/) |: | 3 mo | EU/EEA | | [Poland](https://protegra.io/licensing/licences/payment-institution/poland-aisp/) | [KNF](https://protegra.io/licensing/regulators/knf-poland/) |: |: | Domestic | | [Poland](https://protegra.io/licensing/licences/payment-institution/poland-kip/) | [KNF](https://protegra.io/licensing/regulators/knf-poland/) |: | 3 mo | Domestic | | [Poland](https://protegra.io/licensing/licences/payment-institution/poland-mip/) | [KNF](https://protegra.io/licensing/regulators/knf-poland/) |: | 3 mo | Domestic | | [Singapore](https://protegra.io/licensing/licences/payment-institution/singapore-mpi/) | [MAS](https://protegra.io/licensing/regulators/mas-singapore/) |: |: | Domestic | | [Singapore](https://protegra.io/licensing/licences/payment-institution/singapore-spi/) | [MAS](https://protegra.io/licensing/regulators/mas-singapore/) |: |: | Domestic | | [Slovakia](https://protegra.io/licensing/licences/payment-institution/slovakia/) | [NBS](https://protegra.io/licensing/regulators/nbs-slovakia/) |: | 3 mo | EU/EEA | | [Spain](https://protegra.io/licensing/licences/payment-institution/spain/) | [BdE](https://protegra.io/licensing/regulators/banco-de-espana/) |: | 3 mo | EU/EEA | | [United Arab Emirates](https://protegra.io/licensing/licences/payment-institution/uae-rps/) | [CBUAE](https://protegra.io/licensing/regulators/cbuae/) |: | 2.8 mo | Domestic | | [United Kingdom](https://protegra.io/licensing/licences/payment-institution/united-kingdom-raisp/) | [FCA](https://protegra.io/licensing/regulators/fca-uk/) |: |: | Domestic | | [United Kingdom](https://protegra.io/licensing/licences/payment-institution/united-kingdom-spi/) | [FCA](https://protegra.io/licensing/regulators/fca-uk/) |: |: | Domestic | | [United Kingdom](https://protegra.io/licensing/licences/payment-institution/united-kingdom/) | [FCA](https://protegra.io/licensing/regulators/fca-uk/) |: | 3 mo | Domestic | Values come from each country's page, where every figure has its source. ## Activities this family typically covers - [Cash placement on a payment account](https://protegra.io/licensing/activities/cash-placement/) - [Cash withdrawal from a payment account](https://protegra.io/licensing/activities/cash-withdrawal/) - [Execution of payment transactions](https://protegra.io/licensing/activities/payment-execution/) - [Execution of payment transactions covered by a credit line](https://protegra.io/licensing/activities/payment-execution-credit-line/) - [Issuing payment instruments and acquiring payment transactions](https://protegra.io/licensing/activities/card-issuing-acquiring/) - [Money remittance](https://protegra.io/licensing/activities/money-remittance/) - [Payment initiation services](https://protegra.io/licensing/activities/payment-initiation/) - [Account information services](https://protegra.io/licensing/activities/account-information/) - [Currency exchange](https://protegra.io/licensing/activities/currency-exchange/) ## All licences in this family - [PI · Czech RepublicAccount Information Service Provider authorisation (povolení k činnosti správce informací o platebním účtu)CNB](https://protegra.io/licensing/licences/payment-institution/czech-republic-aisp/) - [PI · Czech RepublicSmall-scale Payment Service Provider authorisation (povolení k činnosti poskytovatele platebních služeb malého rozsahu - PPSMR)CNB](https://protegra.io/licensing/licences/payment-institution/czech-republic-small-scale/) - [PI · Czech RepublicPayment Institution licence (povolení k činnosti platební instituce)CNB](https://protegra.io/licensing/licences/payment-institution/czech-republic/) - [PI · EstoniaPayment institution operating with an exceptionFI](https://protegra.io/licensing/licences/payment-institution/estonia-exception/) - [PI · EstoniaOperating licence as a payment institutionFI](https://protegra.io/licensing/licences/payment-institution/estonia/) - [PI · GeorgiaRegistration as a Payment Service Provider (PSP) with the National Bank of GeorgiaNBG](https://protegra.io/licensing/licences/payment-institution/georgia/) - [PI · GermanyAccount information service provider registration (Registrierung als Kontoinformationsdienstleister nach § 34 ZAG)BaFin](https://protegra.io/licensing/licences/payment-institution/germany-aisp/) - [PI · GermanyPayment institution licence (Erlaubnis zur Erbringung von Zahlungsdiensten nach § 10 ZAG)BaFin](https://protegra.io/licensing/licences/payment-institution/germany/) - [PI · IrelandAccount Information Service Provider RegistrationCBI](https://protegra.io/licensing/licences/payment-institution/ireland-aisp/) - [PI · IrelandPayment Institution AuthorisationCBI](https://protegra.io/licensing/licences/payment-institution/ireland/) - [PI · LatviaRegistered payment institutionLB](https://protegra.io/licensing/licences/payment-institution/latvia-registered/) - [PI · LatviaAuthorised payment institution licenceLB](https://protegra.io/licensing/licences/payment-institution/latvia/) - [PI · LithuaniaPayment institution licence for restricted activityLB](https://protegra.io/licensing/licences/payment-institution/lithuania-restricted/) - [PI · LithuaniaPayment institution licenceLB](https://protegra.io/licensing/licences/payment-institution/lithuania/) - [PI · LuxembourgPayment institution authorisationCSSF](https://protegra.io/licensing/licences/payment-institution/luxembourg/) - [PI · MaltaAccount information service provider registrationMFSA](https://protegra.io/licensing/licences/payment-institution/malta-aisp/) - [PI · MaltaPayment institution licenceMFSA](https://protegra.io/licensing/licences/payment-institution/malta/) - [PI · NetherlandsExempt payment service provider registration (Vrijstelling betaaldienstverlener)DNB](https://protegra.io/licensing/licences/payment-institution/netherlands-exempt/) - [PI · NetherlandsPayment institution licence (Vergunning betaalinstelling)DNB](https://protegra.io/licensing/licences/payment-institution/netherlands/) - [PI · PolandAccount Information Service Provider registration (dostawca świadczący wyłącznie usługę dostępu do informacji o rachunku - AISP)KNF](https://protegra.io/licensing/licences/payment-institution/poland-aisp/) - [PI · PolandNational Payment Institution licence (krajowa instytucja płatnicza - KIP)KNF](https://protegra.io/licensing/licences/payment-institution/poland-kip/) - [PI · PolandSmall Payment Institution registration (mała instytucja płatnicza - MIP)KNF](https://protegra.io/licensing/licences/payment-institution/poland-mip/) - [PI · SingaporeMajor Payment Institution LicenceMAS](https://protegra.io/licensing/licences/payment-institution/singapore-mpi/) - [PI · SingaporeStandard Payment Institution LicenceMAS](https://protegra.io/licensing/licences/payment-institution/singapore-spi/) - [PI · SlovakiaPayment institution licence (povolenie na poskytovanie platobných služieb bez obmedzenia rozsahu)NBS](https://protegra.io/licensing/licences/payment-institution/slovakia/) - [PI · SpainEntidad de pago (EP) / Payment institution authorizationBdE](https://protegra.io/licensing/licences/payment-institution/spain/) - [PI · United Arab EmiratesRetail Payment Services Licence (Categories I to IV)CBUAE](https://protegra.io/licensing/licences/payment-institution/uae-rps/) - [PI · United KingdomRegistered Account Information Service Provider (RAISP)FCA](https://protegra.io/licensing/licences/payment-institution/united-kingdom-raisp/) - [PI · United KingdomSmall Payment Institution (SPI) RegistrationFCA](https://protegra.io/licensing/licences/payment-institution/united-kingdom-spi/) - [PI · United KingdomAuthorised Payment Institution (API)FCA](https://protegra.io/licensing/licences/payment-institution/united-kingdom/) ## Sources 1. [PSD2 Directive (EU) 2015/2366, Art. 7 (initial capital)](https://eur-lex.europa.eu/eli/dir/2015/2366/oj): retrieved 2026-09-24 Last verified 2026-09-24 · Author: Danil Marmysh · Reviewed by Anastasia Sidorenkova · © Protegra. Data: CC BY 4.0, cite "Protegra Licensing Atlas". Not legal advice.