Does the Financial Conduct Authority charge any ongoing fees to payment service providers?

Yes, the FCA charges payment service providers an annual fee which are generally based on their income. Electronic Money Institutions (<a href="/glossarycollection/electronic-money-institution" style="color:#48277C;" target="_blank" title="Electronic Money Institution"><u>EMI</u></a>) fall into the ‘G’ fee-block with small PIs and small EMIs paying a flat fee.<br/><br/>

(c) The Financial Conduct Authority