Legal, Compliance & Risk

Eligibility Criteria for NBPSPs

Core eligibility considerations for non-bank payment service providers.

Key information

Core considerations for non-bank payment service providers

Eligibility depends on regulatory standing, business model, ownership, markets, controls and expected account activity.

Applicants should hold the licences or registrations required for their activities.

Products, customer types and movement of funds must be clearly explained.

Governance, safeguarding, AML and operational controls should fit the risk profile.

In practice

Corporate structure, ownership and regulatory details.

Products, customers, markets and expected volumes.

Compliance framework, safeguarding and operational processes.

Important context

Clear entity, product and flow information helps the assessment focus on the real relationship.

Global finance, connected