What exactly can you do with an EMI license? How does it differ from a bank?

The Financial Conduct Authority (FCA) of the United Kingdom authorizes licensed institutions to engage in the following payment service activities:

• electronic money issuance;
• cash deposits and other operational operations;
• withdrawing cash from the account and other operational operations;
• multiple payment transactions;
• a variety of payment transactions using the user’s credit line;
• issuing payment instruments and obtaining payment transactions;
• remittances;