What is an Electronic Money Institution (EMI)?

An Electronic Money Institution is a type of payment services provider also authorised or registered to issue e-money. Other types of payment service providers, such as Account Information Service Providers (<a href="/glossarycollection/account-information-service-provider" style="color:#48277C;" target="_blank" title="Account Information Service Provider"><u>AISP</u></a>) and Payment Initiation Services Providers (<a href="/glossarycollection/payment-initiation-services-provider" style="color:#48277C;" target="_blank" title="Payment Initiation Services Provider"><u>PISP</u></a>) are not permitted to do this.