The Firm has great experience in providing assistance submitting applications to grant an authorisation by the Central Bank of Cyprus. Furthermore, our Firm has great expertise in banking and credit applications for banking institutions in Cyprus as well as financial institutions.

• E-money: Electronic money (e-money) is broadly defined as an electronic store of monetary value on a technical device that may be widely used for making payments to entities other than the e-money.
• Payments: “Payment institution” means a legal person which has obtained and retains authorisation by the Central Bank or by the competent authorities of another Member State to provide payment services.