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Licensed EMIsSee verified EMIs

PAX2PAY LTD

United Kingdom
Not yet ratedActiveEMI
View on register

Regulator

Financial Conduct Authority

Licence number

967198

Authorised since

14 Nov 2022

EEA passports

0

Profile rates

Data-derived · A is broadest

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

Reach
DomesticTier D

No EEA passporting on record.

Scope
SpecialistTier C

Authorised for 3 payment-services activities.

Tenure
GrowingTier C

Authorised 3 years ago.

About this institution

Verified active. PAX2PAY LTD holds a current UK e-money licence from the FCA. Its authorisation covers distribution and redemption of electronic money, safeguarding of customer funds, and issuance of electronic money.

The licence allows operation across the European Economic Area, yet no passporting countries are listed in the register.

Licence granted 14 November 2022; no passporting data recorded. Licence reference 967198, Financial Conduct Authority, status active as at cross check.

Licence timeline

3 dated events

Dated events for PAX2PAY LTD, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Financial Conduct Authority register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Financial Conduct Authority

Position in the United Kingdom register

United Kingdom EMIs

474

Active

289

Full / small licences

403 / 71

Licence age rank

226/287

PAX2PAY LTD is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 226th oldest of the 287 dated United Kingdom EMI authorisations, one of 5 granted in 2022.

Is your money safe with PAX2PAY LTD?

PAX2PAY LTD holds an e-money authorisation from Financial Conduct Authority, 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 the FSCS, 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 →

Authorised activities (PSD2 / EMD2)

Payment-services activities PAX2PAY LTD is permitted to carry out under its licence, as recorded in the register.

  • Distribution and redemption of electronic moneyEMI_DISTRIBUTION
  • Safeguarding of customer fundsSAFEGUARDING
  • Issuance of electronic moneyEMI_ISSUANCE

Frequently asked questions

Is PAX2PAY LTD a licensed e-money institution?
Yes. PAX2PAY LTD holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 967198. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
Who regulates PAX2PAY LTD?
PAX2PAY LTD is authorised and supervised by Financial Conduct Authority in United Kingdom. Its e-money licence and current status are listed on the FCA Financial Services Register at register.fca.org.uk.
What is PAX2PAY LTD's licence or FRN number?
PAX2PAY LTD's licence reference number is 967198. Enter it on the FCA Financial Services Register at register.fca.org.uk to confirm the institution's identity and that its authorisation is in force.

Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.

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