MIP licensing

Small payment institution (MIP) is the first and smartest step in the payments business.

• MIP is a basic universal licence to start a business in regulatory payments.
• The regulatory requirements for MIP are low and the procedure before the FSA is fast. Although the MIP is limited by a transaction limit of EUR 1,500,000 per month, once the limit is exceeded it can transform into a KIP without stopping the business. The most serious problem of the KIP and KIPE path, i.e. months of proceedings passing unproductively, where resources have to be maintained and positive cash flow generating activities cannot be carried out, does not occur here.
• MIP licensing with DLK Legal is a reliable and time-tested solution. Efficient and error-free licensing is the first step in building trust and credibility. With DLK’s experience, you do not knock down open doors and your business gains the best regulatory foundation for further growth.

Key information about the MIP licence