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Cross-checked against the FCA + EBA registers

Licensed EMIsSee verified EMIs

BP23 PAY Ltd

Malta
Not yet ratedActiveEMI
View on register

Regulator

Malta Financial Services Authority

Licence number

C 106323

Authorised since

03 Apr 2024

EEA passports

0

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
DomesticTier D

No EEA passporting on record.

Scope
SpecialistTier C

Authorised for 4 payment-services activities.

Tenure
GrowingTier C

Authorised 2 years ago.

About this institution

Verified active. BP23 PAY Ltd holds a current licence issued by Malta Financial Services Authority on 3 April 2024. The licence authorises four core activities: cash deposit services on a payment account, execution of payment transactions on a payment account, issuance of electronic money, and safeguarding of customer funds. The entity's authorisation continues under reference C 106323.

The register records no EEA passporting activity. BP23 PAY Ltd operates without a host-state network as recorded in the Malta Financial Services Authority register at the last cross-check.

Data note: the register entry confirms operational status as active and licence-granted date as 3 April 2024. No passporting host states are listed. The Malta Financial Services Authority licence reference C 106323 remains the authoritative point of verification for this entity's current status.

Licence timeline

3 dated events

Dated events for BP23 PAY Ltd, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Malta Financial Services Authority register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Malta Financial Services Authority

Position in the Malta register

Malta EMIs

43

Active

43

Full / small licences

43 / 0

Licence age rank

29/43

BP23 PAY Ltd is one of 43 e-money institutions on the Malta register, 43 of which are currently active. Its licence is the 29th oldest of the 43 dated Malta EMI authorisations, one of 8 granted in 2024.

Is your money safe with BP23 PAY Ltd?

BP23 PAY Ltd holds an e-money authorisation from Malta Financial Services Authority, 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.

How e-money safeguarding works → Verify on the register →

Authorised activities (PSD2 / EMD2)

Payment-services activities BP23 PAY Ltd is permitted to carry out under its licence, as recorded in the register.

  • Issuance of electronic moneyEMI_ISSUANCE
  • Safeguarding of customer fundsSAFEGUARDING
  • Cash deposit services on a payment accountPSD2_1
  • Execution of payment transactions on a payment accountPSD2_3

Frequently asked questions

Is BP23 PAY Ltd a licensed e-money institution?
Yes. BP23 PAY Ltd holds EMI authorisation from Malta Financial Services Authority in Malta, licence reference C 106323. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates BP23 PAY Ltd?
BP23 PAY Ltd is authorised and supervised by Malta Financial Services Authority in Malta. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is BP23 PAY Ltd's licence or FRN number?
BP23 PAY Ltd's licence reference number is C 106323. 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 Malta

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Registered office

Street
66, Apt5, Old Theatre Street
City
Valletta, VLT 1427

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