EU EMI & Payment Institution Tracker — PSD2 Authorisations Across the EEA

Last updated: 7 Jul 2026 · Source: EBA PSD2 Register (snapshot, refreshed weekly) · +13 new since last refresh

A running, aggregated read of the EBA's PSD2 register — how many payment institutions (PI) and e-money institutions (EMI) are authorised across the EEA, where they are licensed, which payment services they hold, and how many passport across borders. The official EBA register is a raw lookup of tens of thousands of rows (including ~319,000 agents); this turns it into the numbers that actually matter when you decide where to license.

Aggregated from the EBA PSD2 register golden copy (euclid.eba.europa.eu); we refresh this snapshot weekly. The underlying EBA register is itself updated daily by national competent authorities, so individual entries may be newer than our last weekly pull. The commentary below is our own interpretation, not part of the EBA data.

1 · The market in numbers

Our read: the EEA has 1,003 PIs and 422 EMIs authorised, plus 129 account-information providers — the licensed base is small and senior; the agent layer (high-street distribution) is two orders of magnitude larger. For a new entrant the question is rarely "is there room" but "which home regulator and which services".

2 · Where they're licensed

Country	PI + EMI
Lithuania	150
Netherlands	121
France	115
Germany	96
Malta	89
Spain	87
Sweden	83
Italy	74
Other 22 countries	610

Our read: Lithuania leads with ~11% of all EEA PI+EMI licences (≈150 institutions) — a very different map from crypto/CASP licensing, where Germany dominates. Lithuania and Malta built fast, fintech-friendly PI/EMI tracks; the Netherlands and France bring scale and banking access. Where you license sets your passporting base, capital expectations and timeline — we map it on our treasury & banking and licensing work.

3 · What they're authorised to do

Our read: execution and acquiring dominate; 289 institutions offer payment initiation (PISP) and 306 account information (AISP). Open-banking services (PISP/AISP) are still a minority of the licensed base — a gap, not a saturated market.

4 · Passporting (the single-market advantage)

876 of 1,425 PI+EMI institutions (61%) passport into at least one other EEA state; the rest operate domestically only.

Our read: a PSD2 licence is a single-market passport — authorise once with one national regulator, then notify-and-serve across the EEA. That is the whole point of jurisdiction choice: pick the home regulator that fits your model, then expand without re-licensing.

5 · The regulatory horizon: PSD3 / PSR

The framework is moving. The Commission's PSD3 + Payment Services Regulation (PSR) package will merge the PI and EMI regimes, tighten authorisation and safeguarding, and overhaul open banking and fraud liability. Timelines are still in negotiation, but anyone authorising now should build to where the rules are going, not just where they are.

Our read: if you're licensing today, design safeguarding, governance and open-banking interfaces to the PSD3/PSR direction — re-papering later costs more than building it in. We scope this in the licensing and treasury build.

Related briefings: MiCA · Regulation — or browse all regulatory briefings.

Choosing where to authorise as a PI or EMI, or building the treasury and banking layer behind one? We map the jurisdiction, capital and safeguarding, and the finance function underneath. Book a 30-min call.

Methodology & sources

• Source: EBA PSD2 Register (the central EEA register of payment and e-money institutions), golden-copy download from euclid.eba.europa.eu; updated daily by national competent authorities.
• Counts cover authorised institutions (PI, EMI, AISP) and exempt/registered entities by home member state; ~319,000 agents and branches are excluded from the per-country/service breakdowns (shown only as scale context).
• “Passporting” = an institution whose registered services span at least one host country beyond its home state. This commentary is interpretation, not legal advice — verify a specific entity against the live EBA register.
• Register: EBA PSD2 Register (euclid.eba.europa.eu ↗).