Regulator
Licence number
C 106323
Authorised since
03 Apr 2024
EEA passports
0
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- GrowingTier C
No EEA passporting on record.
Authorised for 4 payment-services activities.
Authorised 2 years ago.
About this institution
Verified active. BP23 PAY Ltd holds a current Malta Financial Services Authority e-money licence, reference C 106323, granted 3 April 2024. The licence authorises cash deposit services on a payment account, execution of payment transactions on a payment account, issuance of electronic money, and safeguarding of customer funds.
Passporting information is not listed in the register, so no cross-border coverage is recorded. The entity's authorisation is limited to Malta as per the current data set.
Data note: the licence-granted date is explicitly recorded, but no passporting count is present. The Malta Financial Services Authority records the entity under reference C 106323 with an operational status of active as of the latest cross-check.
Licence timeline
3 dated eventsDated events for BP23 PAY Ltd, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Malta Financial Services Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
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.
Authorised activities (PSD2 / EMD2)
Payment-services activities BP23 PAY Ltd is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Execution of payment transactions on a payment accountPSD2_3
- Issuance of electronic moneyEMI_ISSUANCE
- Cash deposit services on a payment accountPSD2_1
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
Registered office
- Street
- 66, Apt5, Old Theatre Street
- City
- Valletta, VLT 1427
Ratings & reader notes
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