Article L522-7 of the French Monetary and Financial Code
November 7, 2023
At the time of authorisation, payment institutions must have paid-up capital in an amount at least equal to the sum laid down by regulation, depending on whether: a) The payment institution provides only the payment service of transmitting funds ; b) The payment institution provides a payment initiation service; c) The payment institution provides other payment services. For the purposes of determining the minimum capital, the provision of the account…
