- 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 350,000 lei — where it provides only the payment service referred to in art.4 para.(1) item 6) of Law no.114/2012;
- at least 900,000 lei — where it provides only the payment service referred to in art.4 para.(1) item 7) of Law no.114/2012;
- at least 2,200,000 lei — where it provides the payment services referred to in art.4 para.(1) items 1)–3), 5) or all the services permitted to a payment company under art.7 para.(4) of Law no.114/2012;
- 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.
- payment companies are entitled to provide the payment services provided for in art.4 para.(1), with the exception of item 4), of Law no.114/2012;
- In addition to providing payment services, a payment company is entitled to carry out the following activities:
- the provision of operational and related services connected with payment services, such as: ensuring the execution of payment operations, foreign exchange operations, custody services, as well as data storage and processing;
- the administration (operation) of payment systems;
- entrepreneurial activity other than the provision of payment services, in accordance with the legislation.