The CNB shall grant authorisation to provide payment services, authorisation for the issuance of electronic money and authorisation for the operation of the payment system, under the conditions prescribed by the Payment System Act and the Electronic Money Act. Authorisation for the issuance of electronic money and/or the provision of payment services granted by the CNB is valid in all member states.
After obtaining authorisation from the CNB, an electronic money institution or a payment institution may enter the activity of the issuance of electronic money and/or provision of payment services in the register of companies.
An electronic money institution or a payment institution may not issue electronic money and/or provide payment services before it obtains authorisation and enters the activity of the issuance of electronic money and/or provision of payment services in the register of companies.
