--- title: "White-Label Digital Banking for Latvian EMIs | Crassula" description: "Launch a Latvian e-money app: branded web and mobile banking, cards, onboarding, SEPA Instant and the IT sections of your Latvijas Banka EMI application." url: "https://crassula.io/solutions/digital-banking/latvia-emi/" lang: "en" image: "https://crassula.io/static/images/og/crassula-default.d7d01fb8a962.jpg" alternates: "en": "https://crassula.io/solutions/digital-banking/latvia-emi/" "de": "https://crassula.io/de/solutions/digital-banking/latvia-emi/" "es": "https://crassula.io/es/solutions/digital-banking/latvia-emi/" "fr": "https://crassula.io/fr/solutions/digital-banking/latvia-emi/" "x-default": "https://crassula.io/solutions/digital-banking/latvia-emi/" index: "https://crassula.io/llms.txt" --- Latvia · EMI # A white-label neobank stack for e-money institutions licensed in Latvia Latvian customers already send instant payments from their bank apps, often to a phone number. Your e-money app will be judged against that. We give you the branded front end, the account logic and the back office, so your Riga team can spend its time on the licence and the customers. [Request demo](https://crassula.io/request-demo/) [Digital Banking →](https://crassula.io/solutions/digital-banking/) Your market**Latvia**EMI - Branded web, iOS and Android apps - Latvian, English and 15+ interface languages - E-money accounts with SEPA and SEPA Instant - Virtual and plastic cards via your issuer Rails your customers can use **SEPA Credit Transfer****SEPA Instant****SWIFT****Card payments****Internal transfers** What the regulator asks about your IT**7** Case Studies ## See what teams build with Crassula. ![Multipass](https://crassula.io/static/images/solutions/cases/logo-multipass.7fb14a8eede7.png) - Multi-currency accounts - Cross-border payments - BaaS connections Live on Crassula ### [Custom financial products for global businesses.](https://crassula.io/cases/multipass/) Global business accounts, multi-currency payments and cross-border solutions, supported by Crassula APIs and BaaS connections. [Read case study: Multipass](https://crassula.io/cases/multipass/) ![LuxPay](https://crassula.io/static/images/solutions/cases/logo-luxpay.7d1fa138b9ba.png) - IBAN · SEPA - Card issuing - KYC onboarding Live on Crassula ### [A connected banking platform for modern financial services.](https://crassula.io/cases/luxpay/) Account details, SEPA payments, card issuing, KYC onboarding and multi-currency exchange in one financial product. [Read case study: LuxPay](https://crassula.io/cases/luxpay/) Digital Banking · EMI ## What a Latvian EMI can offer customers on day one ### Everyday e-money account A personal account with its own IBAN, card and payment history, opened from the phone in one sitting. Customers see their balance move the moment a transfer settles. ### Instant euro payments in the app SEPA Instant for outgoing and incoming euro transfers, with the payee name check shown before the customer confirms. ### Cards under your brand Virtual cards issued at sign-up and converted to plastic on request. Customers freeze, unfreeze and set limits themselves; you hold the contract with the card issuer. ### Accounts for Baltic small businesses Company onboarding with director and owner checks through connected providers, several users per company and batch payments that need a second approval. ### Savings vaults without interest Pockets where customers park money for a goal, kept as e-money and labelled so nobody mistakes them for a deposit. ### What this licence does not cover - Deposit-taking or interest on e-money. Balances are redeemable at par and are not covered by the Latvian deposit guarantee scheme. - Lending to customers out of the funds you hold for them. - Running only as a registered EMI if you plan to grow: that regime caps average e-money outstanding at EUR 2 million and gives no passport. Your market ## What the regulator asks about your IT Each requirement, what the platform gives you for it and who owns it after launch. 1 Executive board and legal address in Latvia Role-based back office access, so the board in Riga approves customers, limits and exceptions itself, with every action logged. You 2 Application documents in Latvian, unless Latvijas Banka agrees to another language Technical descriptions of the platform written in English, ready for your translator or for the language agreed with Latvijas Banka. You, with our input 3 Strong customer authentication for login and payments Two-factor verification in the web and mobile apps for sign-in and payment confirmation. Crassula 4 Remote identification of retail and business customers Onboarding questionnaires by client type and identity checks through connected verification providers, with files kept per customer. Your AML officer 5 Safeguarding of funds received for e-money Customer balances held on a ledger that reconciles to your safeguarding account, with exports your finance team checks daily. Your finance team 6 DORA: ICT risk framework and register of information Architecture, hosting, subcontractor and exit information for your ICT policy and register of information. You, with our input 7 Customer terms and fee schedules in Latvian App texts, notifications and fee tables you load and edit per language without a release. You, with your lawyers Latvia ## Payment rails and providers Rails your customers can use SEPA Credit Transfer SEPA Instant SWIFT Card payments Internal transfers **24/7**real-time processing, no batch window **60+**payment and provider integrations connected **150+**companies run on Crassula **15+**languages the platform speaks Latvia ## Dates to plan around Rules that change what you have to build, in the order they apply. 1. **17 Jan 2025** DORA applies to Latvian EMIs. Your file must show how the app stack is covered by your ICT risk framework and register of information. 2. **9 Oct 2025** Payee name checks became mandatory for euro credit transfers sent by payment service providers in the euro area, e-money institutions included. 3. **9 Apr 2027** Latvian EMIs that offer euro transfers must be able to send and receive them as SEPA Instant payments. 4. **Around 2028** PSD3 and the Payment Services Regulation are expected to apply, folding e-money into the payment institution regime. EMI ## Preparing an EMI file for Latvijas Banka? Bring us into it early. Latvijas Banka offers free pre-licensing consultations, and a live demo makes those meetings concrete. We set up the environment, then write the IT parts of your file with you so they describe the system the supervisor will later inspect. [Talk to us about your application](https://crassula.io/request-demo/) Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application. 1. 01 ### A platform you can demonstrate A configured environment to show the regulator, not slides. 2. 02 ### The technical part of your application, prepared IT architecture, customer authentication, ICT risk and DORA register data, outsourcing and continuity sections, written for translation into Latvian. 3. 03 ### Providers lined up Banking, safeguarding and KYC providers from our network, matched to your licence. ![A customer checking her banking app in a café.](https://crassula.io/static/images/features/people/everyday-1200.e86174e595f2.webp) Digital Banking ## A Riga launch, step by step Picture a team planning an everyday account for people who live and work across Latvia and Estonia. They book a pre-licensing consultation with Latvijas Banka and bring a branded demo: Latvian and English interface, a card in the app, and a SEPA Instant payment that lands in seconds. During the three months Latvijas Banka has to decide once the file is complete, the team tests onboarding flows for consumers and small companies and agrees safeguarding with a credit institution. After authorisation they open sign-ups in Latvia first and add Estonia once the passport notification has gone through. Licence background: the [Latvia EMI and PI guide](https://crassula.io/guides/licenses/latvia-emi-pi/) and our overview of [EMI licensing in the EU](https://crassula.io/guides/licenses/electronic-money-institution/). Guides ## Read the licence guides ![Latvia EMI and PI License in 2026: The Complete Latvijas Banka Guide](https://crassula.io/static/images/guides/latvia-emi-pi/riga-gables-preview-960.4e63f7a7c8e2.jpg) ### [Latvia EMI and PI License in 2026: The Complete Latvijas Banka Guide](https://crassula.io/guides/licenses/latvia-emi-pi/) ![Electronic Money Institution (EMI) License in 2026: The Complete Guide](https://crassula.io/static/images/guides/electronic-money-institution/emoney-coin-preview-960.54bbaf747450.jpg) ### [Electronic Money Institution (EMI) License in 2026: The Complete Guide](https://crassula.io/guides/licenses/electronic-money-institution/) ![White-Label Mobile Banking in 2026: The Ultimate Guide](https://crassula.io/static/images/guides/white-label-mobile-banking/mobile-banking-pebble-preview-960.412714bbfaf1.jpg) ### [White-Label Mobile Banking in 2026: The Ultimate Guide](https://crassula.io/solutions/mobile-banking-app/guides/white-label-mobile-banking/) ![PSD3 and PSR in 2026: The Complete Transition Guide](https://crassula.io/static/images/guides/psd3-psr/psd3-prism-preview-960.fdc84015d1d8.jpg) ### [PSD3 and PSR in 2026: The Complete Transition Guide](https://crassula.io/guides/licenses/psd3-psr/) [**Explore all guides**Licensing, payments, cards and core banking, explained by our team.](https://crassula.io/guides/) Latvia · EMI ## FAQ The questions teams ask us before a first call. [**Not covered here?**Bring your question to a demo with our team.](https://crassula.io/request-demo/) How much does Latvijas Banka charge to review an EMI licence? The application fee is EUR 5,000, or EUR 4,000 if you are already a registered institution. After authorisation there is an annual supervision fee of EUR 7,000 plus up to 1.4% of the related gross income, capped at EUR 100,000. Do we have to file everything in Latvian? The law requires documents in the official language. Latvijas Banka can accept individual documents in another language if you agree it in advance, so raise this at the pre-licensing stage. Our technical sections are written in English and easy to hand to a translator. Can customers pay to a phone number, like in their bank app? Latvian banks use Latvijas Banka's Instant Links registry, which maps phone numbers to IBANs. The platform runs SEPA Instant by IBAN today. Joining the phone number registry is a decision for your rails set-up, and we scope that connection with you. What is the difference between a licensed and a registered EMI? A registered EMI is limited to an average of EUR 2 million in e-money outstanding and cannot passport. A licensed EMI holds EUR 350,000 of capital and can serve the EEA, which suits an app that expects to grow. Where must our people be based? The executive board and the legal address have to be in Latvia, and you need a designated AML officer. Developers and support staff can work elsewhere, since the platform runs in the cloud. How quickly can a demo be ready? A branded environment can be ready in as little as 10 business days, which is usually before your first meeting with the supervisor. Going live depends on the licence, your safeguarding bank and your card issuer. Latvia · EMI ## What a Latvian EMI can offer customers on day one Tell us your licence and country. We will map the rails, providers and documents you need. [Request demo](https://crassula.io/request-demo/) [**Know what you pay**One setup fee and a monthly plan with accounts and transactions included.*See pricing →*](https://crassula.io/prices/) [**Start with the API**Documented endpoints for accounts, payments, cards and customers.*Explore the API →*](https://crassula.io/features/api/)