We advise fintech companies and financial institutions on licensing, regulatory compliance and ongoing services — from the BNB application to day-to-day operational consulting.
Deposits and servicing of payment accounts
Cash withdrawals and related operations
Execution of payment transactions (direct debit, card payments, credit transfers)
Payment transactions with credit line
Issuance of payment instruments and acceptance of payments
Money remittance
Payment initiation (PISP) and account information (AISP) — PSD2
| Feature | EMI | Payment Inst. | Bank |
|---|---|---|---|
| Regime | BNB Licence | BNB Licence | BNB + ECB Licence |
| E-money issuance | ✓ Yes | ✗ No | ✓ Yes |
| Payment services | All 7 | All 7 | ✓ Yes |
| Taking deposits | ✗ No | ✗ No | ✓ Yes |
| Lending | Limited | ✗ No | ✓ Yes |
| Min. capital | BGN 700K | BGN 40–250K | EUR 5M |
| EU Passporting | ✓ Full | ✓ Full | ✓ Full |
| Supervisory intensity | Medium | Medium | Highest (SSM) |
Client identification, enhanced due diligence (EDD), monitoring, SANS reporting, UBO verification, staff training.
Quarterly and annual financial reports, payment operations volume reports, own funds, audited annual reports.
Segregation of client funds in separate accounts or insurance coverage. Ring-fencing by end of business day.
ICT risk management, incident reporting, resilience testing, third-party management, information sharing.
Strong customer authentication — two-factor verification for electronic payment transactions (3D Secure).
Registration of agents under LPSA with the BNB, ICT outsourcing agreements, regulatory requirements.
Contact us for a confidential consultation — we assess your options and prepare a licensing roadmap.