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Payment and e-money firms serving Sweden and the EU from a Swedish base need Finansinspektionen authorisation, the only route for payment services and e-money since registration closed in July 2025.
Selected engagements from more than 250 licences obtained since 2013, for payment, e-money and cryptoasset firms.
Volkswagen
Payment InstitutionObtained Nexpay’s FCA Authorised Payment Institution licence.
Electronic Money InstitutionObtained Dzing Finance’s FCA Authorised Electronic Money Institution licence.
Obtained Orbital’s FCA Authorised Payment Institution licence.
Our realistic timeline from submission to decision.
Safeguarding, operating and settlement accounts opened alongside the application, so you trade on authorisation.
We assemble your team: a chief executive, deputy and board members.
The licence, the requirements, the cost and the timing for your business.
You will need a board chair and members, a chief executive and deputy, and a head of payments responsible for the payment services business.
One programme, from scoping to launch. Speak to an expert about this licence.
Requirements, capital, timing, fees and common questions, drawn from the regulator’s own publications.
A business providing payment services or issuing e-money in Sweden, or serving the EU and EEA from a Swedish base, needs authorisation from Finansinspektionen. Since 1 July 2025 every provider of money remittance and other payment services, and every e-money issuer, holds a full authorisation: the former registration route for smaller providers was removed, with registered providers permitted to continue until 31 December 2025 or until a decision where a licence application was filed before 1 January 2026. Account information only remains a registration.
| Type | Scope | Application fee |
|---|---|---|
| Payment institution (betalningsinstitut) | Any payment service; EU and EEA passport | SEK 405,000 |
| E-money institution (institut för elektroniska pengar) | E-money issuance and payment services; EU and EEA passport | SEK 405,000 |
| Registered payment service provider | Account information only | SEK 232,500 (legal person) or SEK 105,000 (natural person) |
| Requirement | Amount |
|---|---|
| Payment institution: account, card and other services (1 to 5) | €125,000 |
| Payment institution: payment initiation only | €50,000 |
| Payment institution: money remittance only | €20,000 |
| E-money institution | €350,000 |
| E-money institution: ongoing own funds | Higher of €350,000 and 2% of average outstanding e-money, with a 20% adjustment either way |
Finansinspektionen may require up to 20% more, or permit 20% less, than the e-money calculation produces.
| Figure | Value | Source |
|---|---|---|
| Statutory decision period | 3 months from a complete application and paid fee; authorisation is deemed granted without a decision | Payment Services Act (2010:751), chapter 2, section 9; Electronic Money Act (2011:755), chapter 2, section 8 |
| Regulator’s published figure | Management suitability assessments within 60 days, about 2 months, run in parallel with the application | Finansinspektionen, ledningsprövning |
| Application preparation | 6 to 8 weeks | From instruction to submission, including banking in parallel |
| Our realistic timeline | 6 to 8 months after submission | Our own figure, from the regulator’s published data and our applications |
Regulator figures are quoted as published and converted to months. Our realistic timeline assumes a complete, well-prepared application.
| Item | Amount | Notes |
|---|---|---|
| Application fee | SEK 405,000 | Payment institution or e-money institution; paid after the case-handler letter |
| Additional payment services | SEK 52,500 | Extension of an existing authorisation |
| Ownership approval | SEK 33,000 | Per qualifying owner |
| Management suitability | SEK 11,500 | Per company; a person added mid-case opens a new suitability case and fee |
| Safeguarding estimate approval | SEK 11,500 | Approval to estimate the safeguarded share of client funds |
| Passport notifications | SEK 18,000 | EEA branch or cross-border services; agents SEK 33,000 to SEK 52,500 by band |
| Annual supervisory fee | From SEK 150,000 | Proportional to the balance sheet total; registered providers SEK 50,000 (legal person) or SEK 30,000 (natural person) |
| Professional fees | Fixed | Quoted after scoping |
Until 30 June 2025 a provider of payment services below €3 million a month, or a small e-money issuer, could register with Finansinspektionen instead of applying for authorisation. From 1 July 2025 both routes were replaced by a licence requirement (SFS 2025:254 for e-money; the Riksdag’s finance committee report 2024/25:FiU27 for the package), with the stated purpose of countering the use of alternative payment systems for money laundering. Registered providers and issuers could continue until 31 December 2025, or until a decision where a licence application was filed before 1 January 2026. Registration now covers account information only. A limited network operator notifies Finansinspektionen above €1 million of transactions in twelve months.
A Swedish payment institution or e-money institution passports throughout the EU and EEA by notifying Finansinspektionen before starting: agents, branches and cross-border services under chapter 3 of the Payment Services Act and the equivalent provisions of the Electronic Money Act. A branch outside the EEA needs Finansinspektionen’s permission.
Finansinspektionen publishes its authorisation conditions and its fee rules rather than a list of causes of delay; its 2025 annual report records 5,759 authorisation cases decided with processing times it describes as good, without figures by sector. We plan around three points.
A payment institution needs a safeguarding account, an operating account and settlement accounts in the currencies it serves. We open each alongside the application, so you trade from authorisation. See banking and payment processing.
Three months from a complete application and paid fee by statute, with authorisation deemed granted if no decision is made. We plan for six to eight months after submission.
SEK 405,000 on application for a payment institution or e-money institution, SEK 33,000 per owner approval, SEK 11,500 for management suitability, and an annual supervisory fee of at least SEK 150,000.
No. The registration route for payment services and e-money issuance ended on 1 July 2025; registration now covers account information only.
€125,000 for account, card and most services, €50,000 for payment initiation only, €20,000 for money remittance only, and €350,000 for an e-money institution.
A Swedish aktiebolag or ekonomisk förening with its head office in Sweden.
A regulatory advisory firm to payment, e-money and cryptoasset companies since 2013, with more than 250 licences obtained in more than 60 countries. The firm builds licensed payment, e-money, crypto and stablecoin businesses: the licence, the team, the technology, the bank accounts and card issuing.
This guide is general information, not legal advice. Requirements and fees change, and the regulator’s own publications take precedence.
The licence, your team, banking and technology, delivered as one programme.