Pin and benchmark
Pin the jurisdiction you are leaning towards, then line up to 5 rivals against it. Every unlocked figure shows where a peer beats it or loses to it on capital, timeline, cost and difficulty, so one screen tells you whether your first choice actually holds up.
Sign in to watch these jurisdictions for changes.
| Dimension |
Pinned 🇩🇰 Denmark partly open Verified 2026-07-03
|
🇸🇪 Sweden
partly open
Verified 2026-07-03
|
|---|---|---|
| Licence type | Tilladelse som e-pengeinstitut under Lov om betalinger (Payment Services Act, LBK nr 1013 af 21/08/2024), transposing EMD2; a 'begraenset tilladelse til at udstede elektroniske penge' (limited/small e-money licence) exemption tier also exists for smaller-scale issuers | Tillstand att ge ut elektroniska pengar (e-money institution licence) under lagen (2011:755) om elektroniska pengar, transposing EMD2; a lighter-touch registration tier ('registrerad utgivare av elektroniska pengar' for small-scale issuers below EMD2 thresholds) also exists |
| Regulator | Finanstilsynet (the Danish Financial Supervisory Authority / Danish FSA) | Finansinspektionen (FI, the Swedish Financial Supervisory Authority) |
| Capital requirement | Denmark capital requirement is locked. Unlock with the £349 pass. | Sweden capital requirement is locked. Unlock with the £349 pass. |
| Timeline to authorisation | Denmark timeline to authorisation is locked. Unlock with the £349 pass. | Sweden timeline to authorisation is locked. Unlock with the £349 pass. |
| Local substance | Denmark local substance is locked. Unlock with the £349 pass. | Sweden local substance is locked. Unlock with the £349 pass. |
| Application cost | Denmark application cost is locked. Unlock with the £349 pass. | Sweden application cost is locked. Unlock with the £349 pass. |
| Ongoing cost | Denmark ongoing cost is locked. Unlock with the £349 pass. | Sweden ongoing cost is locked. Unlock with the £349 pass. |
| Passporting | Denmark passporting is locked. Unlock with the £349 pass. | Sweden passporting is locked. Unlock with the £349 pass. |
| EMIs authorised | Denmark emis authorised is locked. Unlock with the £349 pass. | Sweden emis authorised is locked. Unlock with the £349 pass. |
| Key restrictions | Denmark key restrictions is locked. Unlock with the £349 pass. | Sweden key restrictions is locked. Unlock with the £349 pass. |
| Safeguarding | Denmark safeguarding is locked. Unlock with the £349 pass. | Sweden safeguarding is locked. Unlock with the £349 pass. |
| Recent changes | PSD3 and the PSR will merge the payment institution and EMI regimes into one licence that can issue e-money. Final texts published 23 April 2026, applicability targeted around 2028; existing EMIs are grandfathered but must update their file. | PSD3 and the PSR will merge the payment institution and EMI regimes into one licence that can issue e-money. Final texts published 23 April 2026, applicability targeted around 2028; existing EMIs are grandfathered but must update their file. |
| Difficulty rating | Denmark difficulty rating is locked. Unlock with the £349 pass. | Sweden difficulty rating is locked. Unlock with 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.