Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- Multi-serviceTier B
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 5 payment-services activities.
Authorised 7 years ago.
About this institution
Verified active. BIP & DRIVE E.D.E, S.A. holds a current Spanish electronic money licence. The licence authorises issuing payment instruments and acquiring payment transactions. It also authorises safeguarding customer funds and issuing electronic money. Execution of payment transactions on a payment account is included. Execution of payment transactions where funds are covered by a credit line is covered.
No EEA passporting is recorded in the register. No foreign host states are listed for the licence.
Data note: licence granted 27 May 2019. Licence reference 6712 is held by Banco de Espana. The licence is active as at the last cross-check.
Licence timeline
3 dated eventsDated events for BIP & DRIVE E.D.E, S.A., from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Banco de Espana register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Banco de Espana
Position in the Spain register
Spain EMIs
12
Active
12
Full / small licences
12 / 0
Licence age rank
5/12
BIP & DRIVE E.D.E, S.A. is one of 12 e-money institutions on the Spain register, 12 of which are currently active. Its licence is the 5th oldest of the 12 dated Spain EMI authorisations, one of 6 granted in 2019.
Is your money safe with BIP & DRIVE E.D.E, S.A.?
BIP & DRIVE E.D.E, S.A. holds an e-money authorisation from Banco de Espana, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by a national deposit guarantee scheme, so there is no automatic compensation payout if the firm fails.
If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.
Authorised activities (PSD2 / EMD2)
Payment-services activities BIP & DRIVE E.D.E, S.A. is permitted to carry out under its licence, as recorded in the register.
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions on a payment accountPSD2_3
- Issuance of electronic moneyEMI_ISSUANCE
- Execution of payment transactions where funds are covered by credit linePSD2_4
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is BIP & DRIVE E.D.E, S.A. a licensed e-money institution?
- Yes. BIP & DRIVE E.D.E, S.A. holds EMI authorisation from Banco de Espana in Spain, licence reference 6712. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates BIP & DRIVE E.D.E, S.A.?
- BIP & DRIVE E.D.E, S.A. is authorised and supervised by Banco de Espana in Spain. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is BIP & DRIVE E.D.E, S.A.'s licence or FRN number?
- BIP & DRIVE E.D.E, S.A.'s licence reference number is 6712. Enter it on the EBA EUCLID register at euclid.eba.europa.eu to confirm the institution's identity and that its authorisation is in force.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in Spain
Registered office
- Street
- CALLE SERRANO 45 2ª PLANTA
- City
- MADRID, 28001
Ratings & reader notes
0 written notes
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