Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 3 payment-services activities.
Authorised 6 years ago.
About this institution
Verified active. Pay Set Limited holds a current UK e-money licence (FCA reference 900920). The licence authorises issuance of electronic money; distribution and redemption of electronic money; safeguarding of customer funds.
No passporting is recorded in the register; the licence is limited to the United Kingdom.
Licence granted 30 June 2020; status remains active as recorded. Financial Conduct Authority record shows the licence as active, reference 900920.
Licence timeline
3 dated eventsDated events for Pay Set Limited, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Financial Conduct Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
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
158/287
Pay Set Limited is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 158th oldest of the 287 dated United Kingdom EMI authorisations, one of 39 granted in 2020.
Is your money safe with Pay Set Limited?
Pay Set Limited 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.
Authorised activities (PSD2 / EMD2)
Payment-services activities Pay Set Limited 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 Pay Set Limited a licensed e-money institution?
- Yes. Pay Set Limited holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 900920. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates Pay Set Limited?
- Pay Set Limited 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 Pay Set Limited's licence or FRN number?
- Pay Set Limited's licence reference number is 900920. 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.
Other licensed institutions in United Kingdom
Ratings & reader notes
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