Must an electronic money institution also obtain a payment institution operating license to offer payment services?
Since an electronic money institution licensed under Law No. 6493 is a payment service provider under the Law, it can carry out the payment services listed in the Law, and there is no need to obtain a separate operating license to offer these payment services.
How to read the scope of the license
An electronic money institution's license covers the payment services in the law; in practice, however, which services appear in the institution's license document matters. The institution can only offer the services within the scope of its license.
If a new service is to be added, an application may be needed to extend the scope. For this reason, the license document and the list of services should be compared when planning products.
Otherwise, the institution may face the risk of unlicensed activity.
Application strategy
If you are planning a new service, clarifying the scope of the license with the competent authority in advance reduces the rejections and delays that may come later. Scope extension applications are subject to a separate assessment.
