Electronic money issuer — Seychelles

The Seychelles category mapped to e-money issuance.

Central Bank of Seychelles electronic-money-issuer regime under the National Payment System (Electronic Money) Regulations 2022 (SI 128/2022): an electronic money issuer holds unimpaired initial capital of not less than SCR 1,000,000 (reg 5(1)), with ongoing own funds the greater of that initial capital or 2% of the average outstanding electronic float (reg 5(3)) and (for a non-bank issuer) liquid assets at least equal to the electronic float (reg 6(1)). NO separate register or list of electronic money issuers is published by the CBS (the register API exposes only PSP + Operator types; whether any PSP also holds the e-money approval is not published) → the coverage state is register_unavailable (the SZ/CD exemplar). lang en.

Maintained: this official source is re-checked on a weekly schedule — last checked 2026-08-04 · unchanged since the previous check.

Register unavailable: Electronic-money issuance is mandated and regulated by SI 128/2022 (initial capital SCR 1,000,000, reg 5), but the CBS register API exposes only PSP and Operator institution types — no separate register or list of licensed electronic money issuers is published. Whether an authorised PSP (e.g. a mobile-commerce operator) also holds the e-money approval is not published in the register. This page will carry the register when one publishes; the published D1 requirements are recorded.

Licence requirements

What it takes to hold this licence, as stated in the cited official instruments. Capital and fees are shown in the currency the statute itself uses.

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. 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.

The equivalent in other markets

Categories mapped to the same normalized activity — fintech:EMONEY_ISSUE:

Cross-border rules for Seychelles →