3 steps to issue branded Mastercard or Visa cards




Below we discuss the steps and process of offering e-money in the form of branded prepaid cards under the electronic money institution e-money license.

1. Form a limited company.


2. Obtain an electronic money institution (EMI) licence

Here you have two options.

Under option 1, you can register as a small electronic money institution. This option does not have an initial capital requirement and you will be able to issue your own cards.

Under option 2, you can become authorised as an authorised electronic money institution (EMI). The initial capital requirement is €350,000. Once you become regulated you can issue your cards across Europe to some 512 million people.

In order to successfully obtain the EMI registration or authorisation, you will need to demonstrate to the regulator that you have the adequate financial and non-financial resources to manage the business, including suitable employees, an office and IT systems.

3. Obtain cards

Once you have successfully obtained your licence you will either need to become a principal member with Visa or Mastercard. Alternatively, you can approach an existing principal member who will be able to help you issue branded cards.


How we can help


Buckingham Capital Consulting is a leading international consulting firm, specialising in payment services, electronic money, banking and investment services. We are able to advise you on the best course of action and strategy based upon your business plan and financial product or service. We can you with licencing, compliance, operational setup and related services, including, obtaining banking facilities.


#EMI #electronicmoneyinstitutionlicence #electronicmoneyuklicence #SmallEMI #authorisedEMI