100,000 small micro-loans worth approximately $30m in 36 months, page-184

Yes, so am I CAA.

Particularly the difference between the Finance license and the EMI, and what doors will open when they get it,

The difference with an EMI and a bank is an EMI cannot provide loans or keep deposits that accumulate interest. I'm guessing PIL's recently approved Finance license kicks in there

So what my understanding of what I have read about an EMI, (and please dyor as I may have it wrong) is that it's something like a 12 month application process ( Company status, business plan, proof of capital, and so on.)

Benefits:

EMI have less regulations and supervision, so more flexible business structure
Be able to register accounts accounts remotely
Be able to issue credit and debit card payments linked to customer accounts
Cash deposits and withdrawals on payment accounts
debit and credit card tranfers
money remittance

CAA, do you know of what other benefits open up for PIL once EMI approved.