Teal IT SA
Payment services provided:
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 payment transactions through a payment card or a similar
device,
— execution of credit transfers, including standing orders.
* Including granting credits in accordance with the rules provided for in
Article 16 (3) of the Directive-no
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).