How long does it take to get authorised as an electronic money and payments instituion in the EEA and UK?

If you are struggling with an application for an electronic money or payments institution authorisation in Europe, contact us here and/or complete the Authorisation/Licence Enquiry Form here.

If you are looking at becoming authorised in Ireland as an emoney institution or payments institution check out Fintech Ireland's and CompliReg's authorisation guides here.

According to recent figures, it may take as little as 4 months to become authorised as an electronic money or payments institution in the EEA and as long as 15+ months.  Whereas in the UK the experience, towards the higher end, is 13-15 months but can be shorter.


The only sure fire way to reduce the amount of time that your application for authorisation takes to be successfully completed is through preparation and the right choice of advisers.

Our team is experienced in the authorisation process of EEA and UK regulators and in addition to successfully advancing emoney, payments and MiFID authorisations has also worked on the successful authorisation of an EU bank. 

​Contact us here and follow Peter Oakes and CompliReg on Linkedin.