Authorised Payments Institutions in the European Economic Area

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This post is a follow up post to last week's one  (8 December 2021) where we released data on the Top 5 European Union member states for electronic money institution (EMI) authorisations. You can find those posts here - CompliReg blog here and Linkedin post here. 

​Which are the Top 5 European Union member states for #paymentinstitutions (#API) authorisations? Read on, you may be surprised. #fintechfunfacts #fintechfriday

This post is a follow up to last week's one (8 December 2021) when CompliReg released data on the Top 5 European Union member states for electronic money institution (EMI) authorisations. You can find those posts at CompliReg https://lnkd.in/eimmnhup & Linkedin https://lnkd.in/e_JwinjJ.

There are 774 APIs authorised in the European Economic Area.*

Following the United Kingdom's exit from the European Union, the crown for the home of the largest number of APIs lands on the head of Germany (9.7%) followed by The Netherlands (9.3%), France (9.2%), Spain (7.8%) with Sweden (7.2%) rounding out the Top 5. Lithuania, the undisputed leader of EMI authorisations, came in at 8th place at 6.2%. 

Given that EMIs can provide payment services too, I don’t think Lithuania will be viewing today’s release as anything but positive for its overall ecosystem.

We will publish data combining both #EMIs and #APIs very shortly in order to give a more holistic picture of where the majority of these #fintech firms are authorised in the #EEA. That post will arguably provide the final word on Europe’s top spot for the highest number of such authorisations.

Had the UK not left the European Union, it would be the undisputed king of #payment firms, just as it would have been for #emoney institutions.

Let us know if this information is interesting and your thoughts. Are you surprised by the split? Did you expect Sweden to make the Top 5? Are you surprised that when it comes to authorised #paymentservices firms, the EMI leader board is not replicated?

And of course, if you need assistance with your fintech authorisation, please get in contact (that's the advertisement piece!). CompliReg supports:

* https://lnkd.in/eqiNpFdZ
* https://FintechMalta.com,
* https://FintechIreland.com,
* https://FintechCyprus.com,
* https://FintechUK.com

and soon a new Fintech France website!


* Data based on European Banking Authority records published 8th December 2021.

Linkedin Post here  - https://www.linkedin.com/posts/peteroakes_paymentinstitutions-api-fintechfunfacts-activity-6877591088606007296-N9xp