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Cyprus Mail31 Jul 2026

CBC tightens licensing rules for payment and money firms

CBC tightens licensing rules for payment and money firms

The Central Bank of Cyprus (CBC) will overhaul the licensing process for electronic money institutions and payment institutions from August 3, 2026, introducing a new pre-application stage, higher fees and tougher scrutiny for applicants.

The changes form part of a wider licensing and supervisory strategy for the sector, first announced on December 20, 2024, the central bank said....

This is a summary. Read the full article at Cyprus Mail.

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CBC tightens licensing rules for payment and money firms · XploreCyprus