Licence number
40203610348
Authorised since
18 Jun 2025
EEA passports
29
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- SpecialistTier C
- Tenure
- NewTier D
Passports into 29 EEA jurisdictions.
Authorised for 4 payment-services activities.
Authorised under 2 years ago.
About this institution
Verified active. SIA PACE FS holds a current Latvian electronic money licence. The licence authorises execution of payment transactions on a payment account, issuance of electronic money, safeguarding of customer funds, issuing payment instruments and acquiring payment transactions. Execution of payment transactions on a payment account enables the institution to process electronic transfers for its customers. Issuance of electronic money provides a digital equivalent of cash that can be used for payments. Safeguarding of customer funds requires keeping deposits in separate accounts, providing protection against loss. Issuing payment instruments allows the institution to offer card - like products linked to customers' accounts. Acquiring payment transactions means the institution can accept payments from merchants and forward the amount to the customer.
The licence is passported in 29 EEA host states, including Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden. This passporting reach allows SIA PACE FS to offer its services across the entire EEA without additional authorisations. The list is exactly as recorded in the register, with no omissions or discrepancies.
Data note: the licence was granted on 18 June 2025, and the register records the entity's authorisation continues. No EEA passporting gaps are evident. The Latvian Financial and Capital Market Commission lists reference 40203610348 as active as of the last cross check.
Licence timeline
3 dated eventsDated events for PACE FS, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Latvian Financial and Capital Market Commission register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Latvian Financial and Capital Market Commission
Position in the Latvia register
Latvia EMIs
21
Active
21
Full / small licences
12 / 9
Licence age rank
18/21
PACE FS is one of 21 e-money institutions on the Latvia register, 21 of which are currently active. Its licence is the 18th oldest of the 21 dated Latvia EMI authorisations, one of 3 granted in 2025.
Is your money safe with PACE FS?
PACE FS holds an e-money authorisation from Latvian Financial and Capital Market Commission, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by a national deposit guarantee scheme, so there is no automatic compensation payout if the firm fails.
If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, PACE FS can provide services across the following EEA jurisdictions, in addition to its home authorisation in Latvia.
Iceland6
Slovakia6
France6
Liechtenstein6
Austria6
Denmark6
Netherlands6
Sweden6
Belgium6
Estonia6
Poland6
Ireland6
Romania6
Italy6
Luxembourg6
Greece6
Finland6
Czech Republic6
Bulgaria6
Slovenia6
Lithuania6
Hungary6
Cyprus6
Malta6
Portugal6
Croatia6
Germany6
Spain6
Norway6
Authorised activities (PSD2 / EMD2)
Payment-services activities PACE FS is permitted to carry out under its licence, as recorded in the register.
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Issuance of electronic moneyEMI_ISSUANCE
- Execution of payment transactions on a payment accountPSD2_3
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is PACE FS a licensed e-money institution?
- Yes. PACE FS holds EMI authorisation from Latvian Financial and Capital Market Commission in Latvia, licence reference 40203610348. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates PACE FS?
- PACE FS is authorised and supervised by Latvian Financial and Capital Market Commission in Latvia. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is PACE FS's licence or FRN number?
- PACE FS's licence reference number is 40203610348. Enter it on the EBA EUCLID register at euclid.eba.europa.eu to confirm the institution's identity and that its authorisation is in force.
- Is PACE FS authorised in other EEA countries?
- Yes. PACE FS is passported to 29 EEA jurisdictions, meaning it can provide e-money and payment services across those countries on its home authorisation.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in Latvia
Registered office
- Street
- Valdemāra iela 21-11
- City
- RĪga, LV-1010
Ratings & reader notes
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- 2★1
- 1★2
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