Estonia licenses payment and e-money institutions separately from banks. The governing Act limits which accounts they may run and reserves deposit-taking to credit institutions.
What Estonian law says payment institutions and e-money institutions may and may not do.
Payment Institutions and E-money Institutions Act: the regulated payment services are cash deposits and withdrawals on payment accounts, execution of payment transactions, card issuing and acquiring, money remittance, payment initiation and account information services.
Payment Institutions and E-money Institutions Act: operating as a payment institution or e-money institution requires an authorisation from the Financial Supervision Authority, granted to an Estonian-founded company for an unspecified term and not transferable.
Payment Institutions and E-money Institutions Act: a payment institution providing account, cash, transfer or card services may operate only as a public limited company (AS).
Payment Institutions and E-money Institutions Act: an e-money institution may be a private limited company only if it does not provide those account, transfer or card payment services; otherwise it must be a public limited company.
Payment Institutions and E-money Institutions Act: payment institutions may use their payment accounts only to execute payment transactions and may not take deposits; client funds held for payment services are not deposits and e-money is not a deposit.
Credit Institutions Act: credit institutions have the exclusive right to receive deposits or other repayable funds from the public; funds taken for e-money issued immediately against them are not treated as deposits.
Payment Institutions and E-money Institutions Act: the registered office and head office of an authorised Estonian payment institution or e-money institution must be in Estonia and the articles must say so.
Makseasutuste ja e-raha asutuste seadus (MERAS), authentic Estonian text in force from 2026-09-30 — Riigi Teataja
Krediidiasutuste seadus (KAS), authentic Estonian text in force from 2026-09-30 — Riigi Teataja
Fact sheet last reviewed 2026-10-06. Jurisdiction rules are confirmed against the sources above; a provider's own requirements differ and are confirmed by the provider.
Tell us about your structure, activity and payment needs — the essentials, not a full application.
We assess the structure and requirements against what providers typically accept before recommending a direction.
We identify a suitable regulated provider and explain what is realistically available for your case.
You complete official KYC/KYB directly with the regulated financial provider — not with Latynex.
The provider makes the final decision and activates the account. We stay involved if anything needs coordinating.
Latynex is not a bank or electronic money institution. Financial accounts and payment services are provided by independent, regulated financial institutions. Final eligibility and approval are determined by the selected provider, following its own KYC/KYB review.
Payment Institutions and E-money Institutions Act: payment institutions may use their payment accounts only to execute payment transactions and may not take deposits; client funds held for payment services are not deposits and e-money is not a deposit.
Credit Institutions Act: credit institutions have the exclusive right to receive deposits or other repayable funds from the public; funds taken for e-money issued immediately against them are not treated as deposits.
No. Latynex is not a bank, EMI or payment institution. We review your case and, where suitable, introduce it to an independent, regulated financial provider who handles the account itself.
No. No introducer can guarantee a banking or payment-account decision. The provider you are introduced to runs its own KYC/KYB review and makes the final call under its own policies.
Typically: certificate of incorporation, register of directors and shareholders, proof of UBO identity and address, a description of business activity, and evidence of source of funds. Exact requirements vary by provider.
Setup and ongoing fees vary with jurisdiction, ownership structure, business activity, expected turnover and compliance profile. The provider discloses its fees before you proceed, and any Latynex advisory fee is disclosed separately.
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