What does it take to get an e-money licence in Seychelles?
To hold an e-money licence in Seychelles, you need the Electronic money issuer licence from Central Bank of Seychelles. Published minimum capital: An electronic money issuer holds unimpaired initial capital of not less than SCR 1,000,000 (NPS (Electronic Money) Regulations 2022, reg 5(1)). Full requirements — minimum capital, local presence, timeline, local ownership, fees and ongoing obligations — are set out below in each instrument's own words, with source and date; amounts are in the statute's own currency.
“E-money issuance” here is the normalized activity: Issue stored-value / electronic money redeemable at par and hold the customer float. The category of licence that lets a provider keep customers' money.
Activity id (as used by the Afriset MCP): fintech:EMONEY_ISSUE
Electronic money issuer
Central Bank of Seychelles| Requirement | As published | Source | Source date |
|---|---|---|---|
| Minimum capital | An electronic money issuer holds unimpaired initial capital of not less than SCR 1,000,000 (NPS (Electronic Money) Regulations 2022, reg 5(1)). Verbatim“An electronic money issuer shall hold unimpaired initial capital of not less than SCR1,000,000.00.” | NPS (Electronic Money) Regulations 2022 (SI 128/2022) — reg 5 (SCR 1,000,000 initial capital; 2% ongoing float), reg 6 (liquidity) | 2022-12-15 |
| Local presence / incorporation | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Timeline | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Local ownership | No such requirement: The NPS (Electronic Money) Regulations 2022 impose no local-shareholding or nationality cap on an electronic money issuer. | NPS (Electronic Money) Regulations 2022 (SI 128/2022) — reg 5 (SCR 1,000,000 initial capital; 2% ongoing float), reg 6 (liquidity) | 2022-12-15 |
| Fees | A value has been located but not yet verified, so we don't publish it here. | — | — |
| Ongoing obligations | An electronic money issuer must hold ongoing own funds equal to the greater of its initial capital or 2% of the average outstanding electronic float over the previous 6 months (reg 5(3)); a non-bank issuer must at all times maintain liquid assets at least equal to the value of its electronic float (reg 6(1)). Verbatim“2% per cent of the average outstanding electronic float calculated over the previous 6 months … maintain liquid assets equal to the value of its electronic float” | NPS (Electronic Money) Regulations 2022 (SI 128/2022) — reg 5 (SCR 1,000,000 initial capital; 2% ongoing float), reg 6 (liquidity) | 2022-12-15 |
Requirements as published in the cited instruments — not legal or compliance advice. Capital and fees are shown in the currency the statute itself uses. Where a value is located but not yet verified, we show that it exists but don't publish the figure. Verify directly with the regulator.
Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.
Who already holds this licence?
0 entities are on the Central Bank of Seychelles register under the Electronic money issuer category — view the register .
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