PI, which stands for Payment Institution, is a highly sought-after chipset and one of the easiest licenses to obtain for operating as a financial institution. With a PI license, you gain the ability to offer your clients a range of basic financial services, which may include:
Payment Services / Money Remittance / Currency Exchange / E-Money Services / Prepaid Cards / Merchant Services / Financial Management Tools.
It's important to note that the specific services you can offer as a PI may vary based on the regulatory framework of the jurisdiction where you obtain the license. Compliance with relevant laws and regulations is crucial when operating as a financial institution to ensure the security of transactions, prevent money laundering, and protect your clients' financial interests.