- it is established in the legal form of organisation of a joint stock company or a limited liability company;
- the own capital shall amount to at least 6,000,000 lei;
- the own capital consists of:
- subscribed and paid-up share capital, with the exception of cumulative preference shares;
- legal, statutory and other reserves;
- profits of previous financial years remaining after distribution pursuant to the decision of the competent bodies.
- the contributions to the share capital/the shares are paid up in full in monetary form both upon its formation and upon its increase;
- a legal entity is entitled to pay for shares/make contributions to the capital of the payment company in monetary form, within the limits of its own capital (net assets), which may not be lower than its share capital.
- no person or persons acting in concert are entitled, without the prior written permission of the National Bank of Moldova, to acquire, directly or indirectly, a holding in an electronic money issuing company, or to increase or reduce, directly or indirectly, such holding where this would have the effect of qualifying it as a qualifying holding, or where it reaches or exceeds the levels of 20%, 30% or 50% of the voting rights or of the share capital, or where the electronic money issuing company would become a dependent enterprise;
- where, as a result of circumstances beyond the person’s control, their holding becomes qualifying or reaches or exceeds the levels of 20%, 30% or 50% of the voting rights or of the share capital, or the electronic money issuing company would become a dependent enterprise, the acquirer is not entitled to exercise the voting rights attached to the shares/holdings held without the prior written permission of the National Bank of Moldova. Until the permission of the National Bank is obtained, the said holdings are not taken into account in determining the quorum of the meeting of shareholders or associates and in the adoption of decisions by the meeting;
- in addition to issuing electronic money, an electronic money issuing company is entitled to carry out the following activities:
- the provision of the payment services provided for in art.7 para.(2) of Law no.114/2012;
- the provision of operational and auxiliary services, including foreign exchange operations closely related to the issuance of electronic money or to the provision of payment services;
- the administration (operation) of payment systems;
- entrepreneurial activities other than the issuance of electronic money, in compliance with the legislation.