These are institutions, other than credit institutions, created by Law 16/2009, of November 13, on payment services (in Spanish) and authorised to perform payment services, such as transfers, direct debits and payments using payment instruments such as cards.
The requirements to obtain and keep the authorization of a payment institution, as well as other
regulations for this type of institutions, are set out in Royal Decree 712/2010, of May 28 (in Spanish), on the legal framework governing payment services and payment institutions.
FREQUENTLY ASKED QUESTIONS
Is the money in a deposit account or time deposit safe if the bank goes bankrupt?Read answerabout
Is the money in a deposit account or time deposit safe if the bank goes bankrupt?
Are all lenders supervised by the Banco de España?Read answerabout
Are all lenders supervised by the Banco de España?