PSP Lab

PSP Lab is a consultancy for launching payment and e-money organisations in the United Kingdom and the European Union. The company operates as a limited liability partnership, with an office at Niddry Lodge on Holland Street, London.

Services Three services are listed: authorisation as a payment institution or electronic money institution, preparation of the licence application package, and regulatory support. The application package normally includes a business plan, safeguarding arrangements, governance and AML documentation, so outside preparation can shorten the route to a decision.

Markets The stated markets are the United Kingdom and the European Union. Founders typically choose one jurisdiction first and then consider passporting or a second licence, and a consultant with experience in both can compare these routes.

Who it suits Fintech start-ups and payment businesses preparing a first PI or EMI application. Fees, timelines and the role the firm takes after authorisation are not published and should be agreed in the first discussion.