What are the data collection considerations when making an application to become authorised as a payment institution?

As with all companies collecting data on EU citizens, you will need to comply with the General Data Protection Regulation (<a href="/glossarycollection/general-data-protection-regulation" style="color:#48277C;" target="_blank" title="General Data Protection Regulation"><u>GDPR</u></a>). The application will also need to specifically consider the principles applicable to the collection of the statistical data on performance, transactions and fraud.