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Latvian central bank opens payment system to nonbanks (Fintechnews Baltic) xpate, an electronic money institution licensed in Latvia, has become the first non-ank payment service provider to join the Latvijas Banka Electronic Clearing System (EKS). This marks the first instance within the euro area where a central bank has enabled direct participation of non-bank payment service providers in a system it maintains. As of October 17, 2024, Latvijas Banka has opened access to the EKS for licensed payment and electronic money institutions, as well as credit unions. https://www.bank.lv/en/news-and-events/news-and-articles/news/17221-the-first-non-bank-payment-service-provider-has-joined-latvijas-bankas-payment-system-eks