PISPs and AISPs must obtain authorisation to operate in relation to payment services with the Competent authority (in Italy, the Banca d'Italia), demonstrating that they meet the necessary requirements

Both must have a professional liability insurance, or other similar guarantee fund, capable of covering liabilities which may incur in carrying out their activities. PISPs must also have a share capital of no less than € 50,000 (Art. 7)

Both must be registered in the public register established by the Member State (presumably, therefore, the one held by Bankit) and in the register of the European Banking Authority (EBA)