Pin and benchmark
Pin one jurisdiction. Line up to five rivals against it. Deltas show where each peer is better or worse.
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| Dimension |
Pinned 🇦🇹 Austria partly open Verified 2026-08-15
|
🇨🇾 Cyprus
partly open
Verified 2026-08-15
|
|---|---|---|
| Licence type | E-money institution licence (Konzession) under the E-Geldgesetz 2010 (E-Money Act 2010), Austria's EMD2 transposition; credit institutions licensed under the Banking Act (BWG) may also issue e-money without a separate EMI licence | Electronic Money Institution (EMI) authorisation under The Electronic Money Laws of 2012-2018 and The Provision and Use of Payment Services and Access to Payment Systems Laws of 2018 to 2025 (transposing EMD2/PSD2); a Small EMI / exempt tier also exists under the same framework for issuers below EMD2 thresholds |
| Regulator | Financial Market Authority Austria (Finanzmarktaufsicht, FMA) | Central Bank of Cyprus (CBC) - Licensing Section |
| Capital requirement | Austria capital requirement is included in the £349 pass. | Cyprus capital requirement is included in the £349 pass. |
| Timeline to authorisation | Austria timeline to authorisation is included in the £349 pass. | Cyprus timeline to authorisation is included in the £349 pass. |
| Local substance | Austria local substance is included in the £349 pass. | Cyprus local substance is included in the £349 pass. |
| Application cost | Austria application cost is included in the £349 pass. | Cyprus application cost is included in the £349 pass. |
| Ongoing cost | Austria ongoing cost is included in the £349 pass. | Cyprus ongoing cost is included in the £349 pass. |
| Passporting | Austria passporting is included in the £349 pass. | Cyprus passporting is included in the £349 pass. |
| EMIs authorised | Austria emis authorised is included in the £349 pass. | Cyprus emis authorised is included in the £349 pass. |
| Key restrictions | Austria key restrictions is included in the £349 pass. | Cyprus key restrictions is included in the £349 pass. |
| Safeguarding | Austria safeguarding is included in the £349 pass. | Cyprus safeguarding is included in the £349 pass. |
| Recent changes | PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension. | The Central Bank of Cyprus issued new 2025 EMI authorisation, governance and suitability directives. PSD3 and the PSR merge payment-institution and EMI authorisation into one payment-institution category able to issue e-money. The final compromise texts remain awaiting formal adoption and Official Journal publication as of 15 August 2026, with an indicative European Parliament plenary on 14 December 2026. After entry into force, Member States have 21 months to transpose and apply PSD3, and the PSR generally applies after 21 months. Existing EMIs may continue for 27 months, with an exceptional further three-month extension. |
| Difficulty rating | Austria difficulty rating is included in the £349 pass. | Cyprus difficulty rating is included in the £349 pass. |
Informational only, not legal advice. A delta compares the sortable figure only (capital, timeline, cost, difficulty, passporting, approvals); it is not a judgement on overall suitability. Verify with qualified counsel before acting.
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