Fintech & digital payments rules in Monaco (2026)

Under the French-Monaco Banking Convention (20 October 2010, updating the 1945 treaty), credit institutions, payment institutions, and e-money institutions operating in Monaco must obtain authorisation from France's Autorité de Contrôle Prudentiel et de Résolution (ACPR); there is no separate Monegasque payment-institution licence.

The 2011 Monaco–EU Monetary Agreement (and its subsequent amendments) lists EU directives including PSD2 in Annex A; Monaco must apply them as transposed into French law, making PSD2 requirements—strong customer authentication, third-party provider access, consumer protection—operative in the Principality, though only within the scope set by the Agreement.

The CCAF supervises investment services, discretionary asset management, and financial-product distribution in Monaco, and grants or revokes domestic financial-activity licences; it works alongside the ACPR rather than replacing it for banking or payment-institution purposes.

Law No. 1.528 of 7 July 2022 created Monaco's crypto-asset services regime, requiring mandatory prior authorisation from either the State Minister or the CCAF depending on the activity; it covers financial tokens, virtual financial assets, utility tokens, and NFTs, with AML/CFT, fit-and-proper, and local-registration conditions.

In July 2023 the Autorité Monégasque de Sécurité Financière (AMSF) replaced SICCFIN as Monaco's Financial Intelligence Unit, becoming an independent authority responsible for AML/CFT supervision across payment services, crypto-asset providers, and the broader financial sector; CCAF–AMSF cooperation was formalised in a February 2026 agreement.

Monaco has no domestic BNPL-specific regulation and no native instant-payment infrastructure; SEPA-scheme instant credit transfers reach Monegasque institutions via their French licensing, but Lexology sources confirm there is no distinct Monegasque fintech licensing statute covering these segments.