IPS Solutions Ltd (operating under the Trademark 'Payz')
Legal name: IPS Solutions Ltd
Licence number
115.1.3.28
Authorised since
21 Dec 2018
EEA passports
29
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- Multi-serviceTier B
- Tenure
- MatureTier B
Passports into 29 EEA jurisdictions.
Authorised for 5 payment-services activities.
Authorised 7 years ago.
About this institution
Verified active. IPS Solutions Ltd, trading as Payz, holds Cyprus EMI licence 115.1.3.28 from the Cyprus Securities and Exchange Commission. The licence authorises issuance of electronic money and safeguarding of customer funds. It also authorises issuing payment instruments, acquiring and executing payment transactions, including those on a payment account covered by a credit line.
The licence permits passporting into 29 EEA host states. The list includes Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.
Data note: The licence grant date is recorded as 21 December 2018. The register indicates no missing passporting record and that the operational status remains active. The Cyprus Securities and Exchange Commission reference number 115.1.3.28 shows the licence as active as at the last cross-check.
Licence timeline
3 dated eventsDated events for IPS Solutions Ltd (operating under the Trademark 'Payz'), from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Cyprus Securities and Exchange Commission register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Cyprus Securities and Exchange Commission
Position in the Cyprus register
Cyprus EMIs
35
Active
35
Full / small licences
35 / 0
Licence age rank
13/35
IPS Solutions Ltd (operating under the Trademark 'Payz') is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 13th oldest of the 35 dated Cyprus EMI authorisations, one of 12 granted in 2018.
Is your money safe with IPS Solutions Ltd (operating under the Trademark 'Payz')?
IPS Solutions Ltd (operating under the Trademark 'Payz') holds an e-money authorisation from Cyprus Securities and Exchange Commission, 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.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, IPS Solutions Ltd (operating under the Trademark 'Payz') can provide services across the following EEA jurisdictions, in addition to its home authorisation in Cyprus.
Romania9
Spain9
Czech Republic9
Slovakia9
Belgium9
Ireland9
Italy9
Poland9
Denmark9
Iceland9
Lithuania9
France9
Sweden9
Slovenia9
Croatia9
Malta9
Liechtenstein9
Austria9
Latvia9
Greece9
Portugal9
Norway9
Netherlands9
Estonia9
Bulgaria9
Germany9
Hungary9
Finland9
Luxembourg9
Authorised activities (PSD2 / EMD2)
Payment-services activities IPS Solutions Ltd (operating under the Trademark 'Payz') is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
- Execution of payment transactions where funds are covered by credit linePSD2_4
- Execution of payment transactions on a payment accountPSD2_3
- Issuing payment instruments and acquiring payment transactionsPSD2_5
Frequently asked questions
- Is IPS Solutions Ltd (operating under the Trademark 'Payz') a licensed e-money institution?
- Yes. IPS Solutions Ltd (operating under the Trademark 'Payz') holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.28. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates IPS Solutions Ltd (operating under the Trademark 'Payz')?
- IPS Solutions Ltd (operating under the Trademark 'Payz') is authorised and supervised by Cyprus Securities and Exchange Commission in Cyprus. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is IPS Solutions Ltd (operating under the Trademark 'Payz')'s licence or FRN number?
- IPS Solutions Ltd (operating under the Trademark 'Payz')'s licence reference number is 115.1.3.28. 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.
- Is IPS Solutions Ltd (operating under the Trademark 'Payz') authorised in other EEA countries?
- Yes. IPS Solutions Ltd (operating under the Trademark 'Payz') is passported to 29 EEA jurisdictions, meaning it can provide e-money and payment services across those countries on its home authorisation.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in Cyprus
Registered office
- Street
- Athalassis 62, Office 101, Strovolos
- City
- Nicosia, 2023
Ratings & reader notes
112 ratings · 0 written notes
- 5★61
- 4★23
- 3★12
- 2★4
- 1★12
Readers can leave a star rating with or without a written note. Written notes appear below; ratings without a note are counted here.
Share what you know about IPS Solutions Ltd (operating under the Trademark 'Payz'). Guest comments - no account required. Be kind and on-topic.
No reader notes yet. Be the first to share what you know about this institution.