E-money institutions in Spain

Electronic money institutions must be authorized by the Banco de España and follow the regulations of Law 21/2011 of 26 July on electronic money and Royal Decree 778/2012 of 4 May on the legal framework for electronic money institutions.

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e-money institutions

What is an E-Money Institution?

Electronic money institutions are companies authorized by The Bank of Spain. Their main activity is to transform customers’ money into electronic money on a commercial basis.

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