Briefing: Navigating Payments and E-Money Regulation in Europe

Two important new EU directives are encouraging new and significant competition in consumer payments. Both the 2nd E-money Directive and Payment Services Directive are lowering the barriers to entry for non-banks such as high street retailers, mobile operators and, in fact, any other organisation that wants to offer payment services. The e-money economy is growing exponentially. According to the European Central Bank, €2.6 Billion of electronic money was in circulation across Europe as of January 2011. This is up from €645m in January 2008. Navigating this regulation and understanding how to leverage its benefits is a challenge for many firms.

You need to establish if your business needs to be regulated as an e-money institution or a payments insitution or even both, and establish the benefits to your business model. This briefing provides an overview of what is involved, what are the options, and how to seek authorisation.

To download content you must be logged in. If you haven’t already, login now or register.