Licence type
Instituicao de Moeda Eletronica under the RJSPME (Decree-Law 91/2018).
Verified 2026-07-02
Source: Banco de Portugal
Regulator
Banco de Portugal.
Verified 2026-07-02
Source: Banco de Portugal
Capital requirement 🔒
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Timeline to authorisation 🔒
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Local substance 🔒
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Application cost 🔒
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Ongoing cost 🔒
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Passporting 🔒
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EMIs authorised 🔒
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Key restrictions 🔒
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Safeguarding 🔒
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Recent changes
PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file.
Verified 2026-07-02
Source: EU
Difficulty rating 🔒
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Track Portugal
Get an email when this regime changes, fee schedules, capital rules, transition deadlines.
Informational only, not legal advice. Entries marked as placeholder or awaiting verification must not be relied on. Confirm all requirements with Portugal's regulator and qualified local counsel before acting.