Section 32(1)

Authorised payment institutions and small payment institutions may, in addition to providing payment services, engage in the following activities— the provision of operational and closely related ancillary services, including— ensuring the execution of payment transactions; foreign exchange services; safe-keeping activities; and the storage and processing of data; the operation of payment systems; and business activities other than the provision of payment services, subject to any relevant provision of ... national law.

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Source: legislation.gov.uk · retrieved 2026-09-04