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Finseta Payment Solutions Ltd

United Kingdom
4.0(1 rating)ActiveEMI
View on register

Licence number

941406

Authorised since

04 Aug 2021

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 3 payment-services activities.

Tenure
MatureTier B

Authorised 5 years ago.

About this institution

Verified active. Finseta Payment Solutions Ltd holds a current UK e-money licence from the Financial Conduct Authority. The licence authorises the distribution and redemption of electronic money, the safeguarding of customer funds, and issuance of electronic money.

No EEA passporting is listed in the register, so Finseta's operations are confined to the United Kingdom.

Licence granted 4 August 2021; reference 941406; status as at last cross check: active.

Authority: Financial Conduct Authority, reference 941406, status as at last cross check: active.

Licence timeline

3 dated events

Dated events for Finseta Payment Solutions 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 Financial Conduct Authority register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Financial Conduct Authority

Position in the United Kingdom register

United Kingdom EMIs

474

Active

289

Full / small licences

403 / 71

Licence age rank

207/287

Finseta Payment Solutions Ltd is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 207th oldest of the 287 dated United Kingdom EMI authorisations, one of 37 granted in 2021.

Is your money safe with Finseta Payment Solutions Ltd?

Finseta Payment Solutions Ltd holds an e-money authorisation from Financial Conduct 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 the FSCS, 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 Finseta Payment Solutions Ltd is permitted to carry out under its licence, as recorded in the register.

  • Issuance of electronic moneyEMI_ISSUANCE
  • Safeguarding of customer fundsSAFEGUARDING
  • Distribution and redemption of electronic moneyEMI_DISTRIBUTION

Frequently asked questions

Is Finseta Payment Solutions Ltd a licensed e-money institution?
Yes. Finseta Payment Solutions Ltd holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 941406. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
Who regulates Finseta Payment Solutions Ltd?
Finseta Payment Solutions Ltd is authorised and supervised by Financial Conduct Authority in United Kingdom. Its e-money licence and current status are listed on the FCA Financial Services Register at register.fca.org.uk.
What is Finseta Payment Solutions Ltd's licence or FRN number?
Finseta Payment Solutions Ltd's licence reference number is 941406. Enter it on the FCA Financial Services Register at register.fca.org.uk 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 United Kingdom

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Ratings & reader notes

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4.0(1 rating)
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