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JCC PAYMENT SYSTEMS LIMITED

Cyprus
4.8(47 ratings)ActiveEMI
View on register

Regulator

Cyprus Securities and Exchange Commission

Licence number

115.1.3.55

Authorised since

12 Dec 2022

EEA passports

29

Profile rates

Data-derived · A is broadest

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

Reach
Pan-EuropeanTier A

Passports into 29 EEA jurisdictions.

Scope
Multi-serviceTier B

Authorised for 7 payment-services activities.

Tenure
GrowingTier C

Authorised 3 years ago.

About this institution

Verified active. JCC PAYMENT SYSTEMS LIMITED holds a current Cyprus e-money licence issued by the Cyprus Securities and Exchange Commission. The licence authorises account information services. It also authorises safeguarding of customer funds. Cash withdrawal services on a payment account are covered in the licence. Payment initiation services are included under the authorisation. Issuance of electronic money is explicitly permitted. Money remittance services are authorised. Issuing payment instruments and acquiring payment transactions are covered as well. The licence is identified by reference 115.1.3.55 in the CySEC register. CySEC regulates electronic money institutions to safeguard consumer interests and market integrity. Licence reference 115.1.3.55 is listed in the CySEC register. The licence is issued under the EU Payment Services Directive 2015/2366. The licence authorises issuance of electronic money, providing customers with digital balances. Payment initiation services are permitted, enabling customers to start transfers from their accounts. Safeguarding of customer funds is covered, requiring separate protected accounts. Cash withdrawal services are authorised, allowing customers to retrieve cash at ATMs. Money remittance services permit transfers of funds to recipients internationally. Issuing payment instruments includes providing debit cards for customer use. Acquiring payment transactions allows the institution to accept card and other payments. Account information services enable customers to view account details and transaction history.

Passporting to 29 EEA host states is granted under this licence. Key host states include Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary. Other host states are Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden. The passporting count confirms cross-border competence across these countries.

Licence granted on 12 December 2022. The register records 29 passporting states. The Cyprus Securities and Exchange Commission, licence reference 115.1.3.55, is active as of the last cross-check.

Licence timeline

3 dated events

Dated events for JCC PAYMENT SYSTEMS LIMITED, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Cyprus Securities and Exchange Commission register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. 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

19/35

JCC PAYMENT SYSTEMS LIMITED is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 19th oldest of the 35 dated Cyprus EMI authorisations, one of 3 granted in 2022.

Is your money safe with JCC PAYMENT SYSTEMS LIMITED?

JCC PAYMENT SYSTEMS LIMITED 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.

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

EEA passporting

29 jurisdictions

Under the EU passporting regime, JCC PAYMENT SYSTEMS LIMITED can provide services across the following EEA jurisdictions, in addition to its home authorisation in Cyprus.

  • PortugalPortugal7
  • NorwayNorway7
  • ItalyItaly7
  • SlovakiaSlovakia7
  • PolandPoland7
  • NetherlandsNetherlands7
  • EstoniaEstonia7
  • DenmarkDenmark7
  • FranceFrance7
  • FinlandFinland7
  • BulgariaBulgaria7
  • IrelandIreland7
  • SwedenSweden7
  • GermanyGermany7
  • SpainSpain7
  • IcelandIceland7
  • AustriaAustria7
  • RomaniaRomania7
  • HungaryHungary7
  • CroatiaCroatia7
  • GreeceGreece7
  • SloveniaSlovenia7
  • LuxembourgLuxembourg7
  • BelgiumBelgium7
  • LiechtensteinLiechtenstein7
  • LithuaniaLithuania7
  • MaltaMalta7
  • Czech RepublicCzech Republic7
  • LatviaLatvia7

Authorised activities (PSD2 / EMD2)

Payment-services activities JCC PAYMENT SYSTEMS LIMITED is permitted to carry out under its licence, as recorded in the register.

  • Payment initiation services (PIS)PSD2_7
  • Issuance of electronic moneyEMI_ISSUANCE
  • Safeguarding of customer fundsSAFEGUARDING
  • Money remittancePSD2_6
  • Cash withdrawal services on a payment accountPSD2_2
  • Account information services (AIS)PSD2_8
  • Issuing payment instruments and acquiring payment transactionsPSD2_5

Frequently asked questions

Is JCC PAYMENT SYSTEMS LIMITED a licensed e-money institution?
Yes. JCC PAYMENT SYSTEMS LIMITED holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.55. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates JCC PAYMENT SYSTEMS LIMITED?
JCC PAYMENT SYSTEMS LIMITED 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 JCC PAYMENT SYSTEMS LIMITED's licence or FRN number?
JCC PAYMENT SYSTEMS LIMITED's licence reference number is 115.1.3.55. 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 JCC PAYMENT SYSTEMS LIMITED authorised in other EEA countries?
Yes. JCC PAYMENT SYSTEMS LIMITED 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
1 Stadiou street, industrial area, Nisou
City
Nicosia, 2571

Ratings & reader notes

47 ratings · 0 written notes

4.8(47 ratings)
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  • 4★6
  • 3★1
  • 2★0
  • 1★0

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