How long does the e-money licensing process take?

In Turkey (BDDK), the EMI licensing process typically takes 6–12 months. In Europe (via an EU member state), it ranges from 6–18 months. io40 provides full technical infrastructure documentation required by regulators, significantly reducing approval timelines.

What features does the io40 e-money platform include?

The platform includes multi-currency wallet management, IBAN issuance, Visa/Mastercard/Troy card programs (virtual and physical), instant money transfer, KYC/AML integration, open banking APIs, and a regulatory reporting dashboard.

What are the minimum capital requirements for an EMI license?

In Turkey, the minimum paid-in capital is the equivalent of EUR 2 million in TRY. In the EU, it starts at EUR 350,000 for smaller e-money institutions. io40 assists with the capital planning and technical structuring.

Can the platform support multiple brands (multi-tenant)?

Yes. io40's multi-tenant architecture enables a single infrastructure to power multiple brands, each with its own branding, product configuration, and compliance setup.

E-Money & Digital Wallet Software

Build Your Own Digital Wallet Ecosystem

Discover our white-label e-money and wallet system, fully compliant with financial regulations. Start your financial services immediately with KYC/AML integrations, virtual card issuance, balance management, and mobile wallet capabilities.

Why E-Money Licensing?

For fintech companies, neobanks, and crypto platform operators, an e-money license unlocks critical capabilities:

Hold customer funds and execute transfers in your name
Issue IBAN accounts and account numbers
Issue debit and prepaid cards (virtual and physical)
Act as PISP/AISP under PSD2 open banking regulations

Core Platform Features

Multi-Currency Wallet Engine

20+ currencies: TRY, EUR, USD, GBP, and more
Instant Transfer: FAST (Turkey), SEPA Instant (Europe), SWIFT
Account Segmentation: Individual, corporate, and sub-account structures
Yield/Reserve Module: Mandatory reserve management and interest calculation

IBAN & Virtual Account Issuance

Turkish and European IBAN issuance (via partner bank agreements)
Virtual account numbers for automated payment collection
Multi-tenant support: multiple brands on a single infrastructure

Card Program Management

io40 partners with Visa and Mastercard-licensed BIN sponsors to offer:

Virtual Card: Instant issuance for e-commerce and subscription payments
Physical Card: Contactless, chip+PIN, global ATM access
Prepaid & Debit: Reloadable card programs
Corporate Card: Spend limits and category-level controls

KYC / AML Module

All EMIs must identify customers and combat financial crime:

eKYC: Document verification + biometric face matching
Risk-based customer classification (RBA framework)
Real-time transaction monitoring and suspicious activity reporting
FATF Travel Rule compliance for crypto integrations

Open Banking Integration (PSD2/PSD3)

For EMIs targeting European markets, PSD2 compliance is mandatory:

AISP (Account Information Service Provider):

Real-time and historical account balance access
Bank linking for automatic KYC data enrichment

PISP (Payment Initiation Service Provider):

Direct bank-to-bank payment initiation
“Pay by bank” checkout flows with no card interchange

Turkey — TCMB GEÇİT:

YÖS (Innovative Payment Service Provider) API integration
HHS (Account Service Provider) access

Regulatory Reporting

BDDK and TCMB automated statutory reporting
European EBA (European Banking Authority) reporting templates
Immutable audit trail for all transactions
Real-time treasury and liquidity management dashboard

Sandbox-First Approach

Test the full platform before licensing approval. io40’s sandbox environment simulates real bank and card network responses. When your license is approved, production go-live takes weeks — not months.