June 12, 2026

The following is a press release:

On 11 June, the Supervision Committee of Latvijas Banka issued a licence to SIA Fibonatix (LV) to operate as a payment institution. The licence authorises the company to provide payment acceptance services.

SIA Fibonatix (LV) plans to provide services to merchants.

Overall, nine licensed payment institutions, as well as eleven licensed electronic money institutions and one registered electronic money institution currently operate in Latvia.

Companies seeking a licence from Latvijas Banka are encouraged to follow the licensing guides prepared by Latvijas Banka. These guides provide detailed information on the licensing process and requirements, including the documents to be drawn up and submitted to Latvijas Banka, the application review deadlines, among other details.

To ensure a smooth licensing process, Latvijas Banka encourages companies to take advantage of pre-licensing consultations. During these consultations, Latvijas Banka's experts offer guidance to companies on the applicable legal framework and conduct an initial assessment of the company's compliance with regulatory requirements. Collaboration during the pre-licensing stage helps companies prepare high-quality licence applications. Consultation requests can be submitted via Latvijas Banka's website.

Latvijas Banka has issued 12 licences to financial market participants this year. The entry of new market participants into Latvia's financial market confirms that Latvijas Banka has established a structured and efficient licensing process.

Press Office of Latvijas Banka

Tel.: +371 67022594 presesdienests@bank.lv bank.lv | macroeconomics.lv | naudasskola.lv twitter | facebook | youtube | linkedin | instagram