MAP S.Platis, the leading European regulatory compliance consulting Group, is delighted to announce that it has concluded successfully the application processes for two Electronic Money Institutions (EMIs) with the Central Bank of Cyprus (CBC) on behalf of its clients, in line with European Union (EU) Directives on payment services and electronic money.
“The number of Electronic Money Institutions and Payment Institutions has seen a growth in recent years owing to certain advantages – agility, flexibility, lower cost base and expandability”, stated Demetris Taxitaris, CEO of MAP S.Platis Group. “This is a global trend expected to continue and intensify. At MAP S.Platis”, Mr. Taxitaris added, “we have been involved in this industry for over a decade now and remain fully committed to continue supporting it, leveraging on our teams extensive technical knowhow and multidisciplinary and deep expertise. We have worked hard to ensure all applications are successful and we are thankful to the CBC for the outcome and for their cooperation”.
Learn more about our Payment & Electronic Money Institutions Licensing Services here.
