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.

ISLCY

IPS Solutions Ltd (operating under the Trademark 'Payz')

Legal name: IPS Solutions Ltd

4.0(112 notes)ActiveEMI

View on register

Regulator

Cyprus Securities and Exchange Commission

Licence number

115.1.3.28

Authorised since

21 Dec 2018

EEA passports

Profile rates

Data-derived · A is broadest

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

Reach: Pan-EuropeanTier A
Scope: Multi-serviceTier B
Tenure: MatureTier B

About this institution

Verified active. IPS Solutions Ltd, trading as Payz, holds a current Cyprus e-money licence issued by the Cyprus Securities and Exchange Commission on 21 December 2018. The licence authorises execution of payment transactions on payment accounts, execution of payment transactions covered by credit line, issuance of electronic money, issuing of payment instruments and acquiring of payment transactions, and safeguarding of customer funds. Licence reference 115.1.3.28 confirms these activities as recorded in the regulator's register.

The entity's authorisation extends across 29 EEA host states. The register lists passporting into 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. This represents the full cross-border scope of the current licence.

Data note: operational status is recorded as active as at the last cross-check against the Cyprus Securities and Exchange Commission register. Licence reference 115.1.3.28 and the 29-state passporting reach are confirmed in the authorisation record.

EEA passporting

29 jurisdictions

Under 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
Poland9
Italy9
Sweden9
Croatia9
Hungary9
Iceland9
Netherlands9
Lithuania9
Latvia9
Liechtenstein9
Bulgaria9
Estonia9
Czech Republic9
Slovakia9
Germany9
Malta9
Norway9
Ireland9
Belgium9
Spain9
France9
Portugal9
Slovenia9
Greece9
Finland9
Luxembourg9
Austria9
Denmark9

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.

Issuing payment instruments and acquiring payment transactionsPSD2_5
Issuance of electronic moneyEMI_ISSUANCE
Execution of payment transactions on a payment accountPSD2_3
Execution of payment transactions where funds are covered by credit linePSD2_4
Safeguarding of customer fundsSAFEGUARDING

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

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Registered office

Street: Athalassis 62, Office 101, Strovolos
City: Nicosia, 2023

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