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. Optal Financial Europe Limited, trading as WEX, holds a current licence issued by the Central Bank of Ireland on 8 March 2019. The licence reference is C176000. The entity is authorised to execute payment transactions where funds are covered by credit line, issue electronic money, issue payment instruments and acquire payment transactions, conduct money remittance, and safeguard customer funds. This is the full scope recorded against the Irish regulator.
The licence extends across 29 EEA host states. Principal passporting destinations include Germany, France, Spain, Italy, the Netherlands, and Poland, alongside Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, Greece, Hungary, Iceland, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Norway, Portugal, Romania, Slovakia, Slovenia, and Sweden. The register lists all 29 as active passporting jurisdictions for this entity.
Data note: operational status is confirmed as active as at the last cross-check. The Central Bank of Ireland register records the entity's authorisation continues under licence reference C176000.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, WEX can provide services across the following EEA jurisdictions, in addition to its home authorisation in Ireland.
Germany5
Slovenia5
France5
Croatia5
Latvia5
Iceland5
Austria5
Greece5
Italy5
Netherlands5
Portugal5
Spain5
Liechtenstein5
Norway5
Estonia5
Hungary5
Lithuania5
Cyprus5
Czech Republic5
Romania5
Sweden5
Luxembourg5
Finland5
Bulgaria5
Malta5
Denmark5
Slovakia5
Poland5
Belgium5
Authorised activities (PSD2 / EMD2)
Payment-services activities WEX is permitted to carry out under its licence, as recorded in the register.
- Issuance of electronic moneyEMI_ISSUANCE
- Money remittancePSD2_6
- Execution of payment transactions where funds are covered by credit linePSD2_4
- Safeguarding of customer fundsSAFEGUARDING
- Issuing payment instruments and acquiring payment transactionsPSD2_5
Frequently asked questions
- Is WEX a licensed e-money institution?
- Yes. WEX holds EMI authorisation from Central Bank of Ireland in Ireland, licence reference C176000. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates WEX?
- WEX is authorised and supervised by Central Bank of Ireland in Ireland. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is WEX's licence or FRN number?
- WEX's licence reference number is C176000. 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 WEX authorised in other EEA countries?
- Yes. WEX 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 Ireland
Registered office
- Street
- 3rd Floor Fleming Court, Flemings Place
- City
- Dublin 4, D04 N4X9
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