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Koronapay Europe Limited logo

Koronapay Europe Limited

Cyprus
4.1(49 ratings)ActiveEMI
View on register

Licence number

115.1.3.30

Authorised since

11 Dec 2018

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
SpecialistTier C

Authorised for 4 payment-services activities.

Tenure
MatureTier B

Authorised 7 years ago.

About this institution

Verified active. Koronapay Europe Limited is a Cyprus-registered e-money institution licensed by the Cyprus Securities and Exchange Commission, reference 115.1.3.30. The licence authorises money remittance, issuance of electronic money, execution of payment transactions on a payment account, and safeguarding of customer funds.

The licence passported to 29 EEA host states, including 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: licence granted 11 December 2018 and operational status recorded as active. The Cyprus Securities and Exchange Commission reference 115.1.3.30 confirms the licence and its active status as at the last cross-check.

Licence timeline

3 dated events

Dated events for Koronapay Europe 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

12/35

Koronapay Europe Limited is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 12th oldest of the 35 dated Cyprus EMI authorisations, one of 12 granted in 2018.

Is your money safe with Koronapay Europe Limited?

Koronapay Europe 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, Koronapay Europe Limited can provide services across the following EEA jurisdictions, in addition to its home authorisation in Cyprus.

  • GreeceGreece1
  • SlovakiaSlovakia1
  • EstoniaEstonia1
  • SloveniaSlovenia1
  • FranceFrance1
  • LithuaniaLithuania1
  • CroatiaCroatia1
  • GermanyGermany1
  • SpainSpain1
  • NetherlandsNetherlands1
  • SwedenSweden1
  • PortugalPortugal1
  • BulgariaBulgaria1
  • BelgiumBelgium1
  • DenmarkDenmark1
  • RomaniaRomania1
  • HungaryHungary1
  • IrelandIreland1
  • ItalyItaly1
  • LuxembourgLuxembourg1
  • FinlandFinland1
  • LiechtensteinLiechtenstein1
  • Czech RepublicCzech Republic1
  • NorwayNorway1
  • MaltaMalta1
  • PolandPoland1
  • AustriaAustria1
  • LatviaLatvia1
  • IcelandIceland1

Authorised activities (PSD2 / EMD2)

Payment-services activities Koronapay Europe Limited 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
  • Money remittancePSD2_6

Frequently asked questions

Is Koronapay Europe Limited a licensed e-money institution?
Yes. Koronapay Europe Limited holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.30. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates Koronapay Europe Limited?
Koronapay Europe 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 Koronapay Europe Limited's licence or FRN number?
Koronapay Europe Limited's licence reference number is 115.1.3.30. 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 Koronapay Europe Limited authorised in other EEA countries?
Yes. Koronapay Europe 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

View all institutions in Cyprus →

Registered office

Street
28 Oktovriou 359, World Trade Center, 5th floor
City
Limassol, 3107

Ratings & reader notes

49 ratings · 0 written notes

4.1(49 ratings)
  • 5★24
  • 4★15
  • 3★5
  • 2★3
  • 1★2

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