LYF
Services provided:
– issuing electronic money;
– distribution/ redemption of electronic money.
– Money remittance.
– Execution of payment transactions, including transfers of funds on a payment account with the user’s payment service provider or with another payment service provider:
– execution of direct debits, including one – off direct debits,
– execution of credit transfers, including standing orders.
-Acquiring of payment transactions;
– Including granting of credits in accordance with Article 18(4) of Directive EU 2015/2366
Electronic and Payment services provider under to PSD2 and 2EMD
Market segments
How to become a market participant
In order to become a participant of Latvian financial and capital markets and commence business activities, a credit institution, an insurance company, a reinsurance company, an insurance broker, a credit union, an investment management company, an investment firm, an operator of regulated market, a pension fund, a payment institution, an electronic money institution, as well as an alternative investment fund manager shall obtain operating authorisation (licence).