LV

Market

Paywerk AS

Registration number
16218310
Legal address
Liivalaia tn 8 // 12, 10118 Tallinn, Estonia
Country of origin
Estonia
Supervisory authority

Market segments

Market segment
Payment service providers
Phone
3726070677
E-mail
Other market segments

Licenses / Types of activities

Payment institutions
Freedom to provide services
Payment initiation service
Date: 13.09.2022
Account information service
Date: 13.09.2022
Payment service providers
Service providers from the EEA
Execution of payment transactions, including transfers of funds on a payment account with the user`s payment provider or with another payment service provider
Date: 13.09.2022
execution of direct debits, including one-off direct debits
execution of payment transactions through a payment card or a similar device
execution of credit transfers, including standing orders
Issuing of payment instruments
Date: 13.09.2022
Acquiring of payment instruments
Date: 13.09.2022
Money remittance
Date: 13.09.2022

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).

Learn more