How long does it take to get our MSB license in the UK?

It is difficult to say how long it will take for a firm to get their MSB license. There are different types of MSB licenses – Small Payment Institution, Authorised Payment Institution, Small E-Money Institution and Authorised E-Money Institution. Based on what we’ve seen, an SPI license can take anywhere from 1 – 3 months; API license can take 3 – 6 months and E-Money license can take 8 – 12 months. Of course, the time it takes for you to get your license depends on a number of factors and the time frames given here are just estimates and can indeed vary.