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 8 years ago.
About this institution
Verified active. PayrNet Limited holds a current UK e-money licence (reference 900594) under the FCA. The licence authorises issuance of electronic money, safeguarding of customer funds, and distribution and redemption of electronic money.
The licence does not currently grant passporting rights within the European Economic Area.
Licence granted 3 May 2018. No EEA passporting is on record. The Financial Conduct Authority reference number 900594 confirms the licence status as active as of the last cross-check.
Licence timeline
3 dated eventsDated events for PayrNet 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
56/287
PayrNet Limited is one of 474 e-money institutions on the United Kingdom register, 289 of which are currently active. Its licence is the 56th oldest of the 287 dated United Kingdom EMI authorisations, one of 112 granted in 2018.
Is your money safe with PayrNet Limited?
PayrNet 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 PayrNet Limited is permitted to carry out under its licence, as recorded in the register.
- Distribution and redemption of electronic moneyEMI_DISTRIBUTION
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is PayrNet Limited a licensed e-money institution?
- Yes. PayrNet Limited holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 900594. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates PayrNet Limited?
- PayrNet 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 PayrNet Limited's licence or FRN number?
- PayrNet Limited's licence reference number is 900594. 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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