The Central Bank of Cyprus (CBC) will overhaul the licensing process for electronic money institutions and payment institutions from August 3, 2026 , introducing a new pre-application stage, higher fees and tougher scrutiny for applicants.
The changes form part of a wider licensing and supervisory strategy for the sector, first announced on December 20, 2024 , the central bank said.
A new pre-application exploratory stage will be added before a
