Authorised Payment Institution / UK / PSR 2017

SI 2017/752 · supervised by Financial Conduct Authority · GB United Kingdom

CapitalEUR 125,000 sourceTimeline3–12 months source

Granted activities

by client type

ActivityCONSUMERSMECORPORATEREG. FIVIA INTERMED.

Money remittanceagents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Payment initiation services Full Full Full None None

Place cash on a payment accountPSR 2017 Schedule 1 Part 1 paragraph 1(a); agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Cash withdrawal from a payment accountPSR 2017 Schedule 1 Part 1 paragraph 1(b); agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Execute payment transactions (direct debits, card payments, credit transfers)PSR 2017 Schedule 1 Part 1 paragraph 1(c); agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Execute payment transactions funded by a credit linePSR 2017 Schedule 1 Part 1 paragraph 1(d); agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Issue payment instruments and/or acquire payment transactionsPSR 2017 Schedule 1 Part 1 paragraph 1(e); agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Issue card-based payment instruments (card issuing)agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Acquire card-based payment transactions (card acquiring)agents must be entered on the FCA register under PSR 2017 reg 34 Conditional Conditional Conditional None Conditional

Conditional: the grant carries the conditions listed under the activity.

Requirements

Minimum capitalEUR 125,000 source

Typical timeline to authorisation3–12 months source

Passporting reach

This regime does not passport into other jurisdictions.

Holders

No company holds this regime.

Products unlocked

Card issuing1 marketconsumer · sme · corporate · via-intermediary

Merchant collections1 marketconsumer · sme · corporate · via-intermediary

Derived business models

Computed from granted activities × permitted client types × passporting mode — not an opinion label.

B2CCONSUMER · 9 activities granted

B2BSME +1 · 9 activities granted

Open questions on this regime

No open questions recorded against this regime.