Licence number
40203411426
Authorised since
05 Oct 2023
EEA passports
28
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- Multi-serviceTier B
- Tenure
- GrowingTier C
Passports into 28 EEA jurisdictions.
Authorised for 5 payment-services activities.
Authorised 2 years ago.
About this institution
Verified active, SIA xpate holds a Latvian e-money licence issued by the Latvian Financial and Capital Market Commission. The licence type is Electronic Money Institution. It is authorised to issue payment instruments and acquire payment transactions; to execute payment transactions where funds are covered by a credit line; to safeguard customer funds; to execute payment transactions on a payment account; and to issue electronic money.
The licence permits passporting into 28 EEA host states, namely Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. This passporting enables the company to operate across the entire European economic area. The 28 host states cover the full European Economic Area.
The licence was granted on 5 October 2023, and the register lists the entity's status as active. Licensed by the Latvian Financial and Capital Market Commission, reference 40203411426, verified active as of the last register cross-check. The licence grants the company the right to perform electronic money services. The company may also process payment transactions via its own payment instruments. The Latvian regulator oversees the company's compliance with anti-money laundering rules. The licence record shows no evidence of suspension or revocation. The licence authorisation covers all electronic money and payment services under Latvian law. The licence remains active with no pending regulatory actions.
Licence timeline
3 dated eventsDated events for xpate, 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
14/21
xpate is one of 21 e-money institutions on the Latvia register, 21 of which are currently active. Its licence is the 14th oldest of the 21 dated Latvia EMI authorisations.
Is your money safe with xpate?
xpate 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
28 jurisdictionsUnder the EU passporting regime, xpate can provide services across the following EEA jurisdictions, in addition to its home authorisation in Latvia.
Finland9
Belgium9
Cyprus9
Bulgaria9
Hungary9
Slovakia9
Lithuania9
Spain9
Luxembourg9
Austria9
Iceland9
Germany9
Poland9
Denmark9
Ireland9
France9
Slovenia9
Italy9
Czech Republic9
Greece9
Estonia9
Liechtenstein9
Netherlands9
Malta9
Romania9
Portugal9
Croatia9
Sweden9
Authorised activities (PSD2 / EMD2)
Payment-services activities xpate is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- Safeguarding of customer fundsSAFEGUARDING
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Issuance of electronic moneyEMI_ISSUANCE
- Execution of payment transactions where funds are covered by credit linePSD2_4
Frequently asked questions
- Is xpate a licensed e-money institution?
- Yes. xpate holds EMI authorisation from Latvian Financial and Capital Market Commission in Latvia, licence reference 40203411426. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates xpate?
- xpate 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 xpate's licence or FRN number?
- xpate's licence reference number is 40203411426. 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 xpate authorised in other EEA countries?
- Yes. xpate is passported to 28 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
- Dzirnavu iela 42
- City
- Rīga, LV-1010
Ratings & reader notes
142 ratings · 0 written notes
- 5★72
- 4★30
- 3★16
- 2★13
- 1★11
Readers can leave a star rating with or without a written note. Written notes appear below; ratings without a note are counted here.
Share what you know about xpate. Guest comments - no account required. Be kind and on-topic.
No reader notes yet. Be the first to share what you know about this institution.