Core categories under the PSP framework
Below are common category groupings used for structured payment services authorisation. Final scope wording is based on your submitted business model, corridors, and control environment.
Payment Services Provider
Payment execution and related services, including collections and payouts (scope-dependent).
- Payment initiation and execution
- Merchant collection and beneficiary payout
- Settlement mapping and reconciliation controls
Electronic Money Institution
Issuance and redemption of electronic money (stored value), typically with stronger safeguarding expectations.
- Issuance of stored value / e-money
- Redemption rules and balance management
- Safeguarding architecture and audit trail
Money Services Business
Money transmission-style services and related activity lines (corridor and product dependent).
- Remittance and transmission services
- Agent/sponsor corridor exposure control
- Monitoring and sanctions screening design
Payment Gateway
Payment processing infrastructure services, often integrated with PSP/merchant services depending on scope.
- Payment routing and orchestration
- Tokenisation and security controls
- Operational resilience and incident handling
Digital Wallet Services
Consumer or business wallet functionality (stored value, payouts, transfers) depending on model.
- Wallet account structures
- Funding and redemption flows
- Fraud controls and monitoring thresholds
Remittance Operator
Cross-border money transfer services with corridor-based risk management and partner dependencies.
- Corridor mapping and partner reliance
- Fee and FX treatment transparency
- KYC and monitoring tailored to corridors
