"Intercard Finance" AD
Payment services provided:
– Execution of payment transactions where the funds are covered by a credit line for a payment service user:
– execution of payment transactions through a payment card or a similar device. credit cards only
– Issuing and/or acquiring of payment instruments.
– credit cards only
*Including granting credits in accordance with the rules provided for in Article 16(3) of the Directive – Yes
Notification received: 29.07.2011
Market segments
Licenses / Types of activities
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).