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 6 payment-services activities.
Authorised 7 years ago.
About this institution
Verified active. PECUNIA CARDS E.D.E., S.L. holds a current Spanish e-money licence from Banco de Espana. The licence authorises issuance of payment instruments, acquiring payment transactions, safeguarding customer funds, and cash deposit and withdrawal services. Additionally, the licence covers issuance of electronic money and execution of payment transactions on a payment account. Issuing payment instruments permits customers to perform electronic payments without traditional card networks. Acquiring payment transactions enables the entity to collect and process payment data for its users. Safeguarding customer funds ensures that client monies are kept separate from the company's own balance. Cash deposit and withdrawal services on a payment account allow users to manage funds directly. Issuance of electronic money provides customers with a digital currency stored on a payment account. Execution of payment transactions on a payment account completes the payment cycle from initiating to final settlement.
The entity enjoys full passporting across 29 EEA host states. These include Austria, Belgium, Bulgaria, Croatia, Cyprus. The remaining host states are Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland. Additional passporting hosts are Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal. The licence also covers Romania, Slovakia, Slovenia, and Sweden.
Data note: licence granted on 15 March 2019, and the register records full operational status as active. Banco de Espana, reference 6707, confirms the licence remains active as at the last cross-check.
Licence timeline
3 dated eventsDated events for PECUNPAY, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Banco de Espana register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Banco de Espana
Position in the Spain register
Spain EMIs
12
Active
12
Full / small licences
12 / 0
Licence age rank
2/12
PECUNPAY is one of 12 e-money institutions on the Spain register, 12 of which are currently active. Its licence is the 2nd oldest of the 12 dated Spain EMI authorisations, one of 6 granted in 2019.
Is your money safe with PECUNPAY?
PECUNPAY holds an e-money authorisation from Banco de Espana, 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.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, PECUNPAY can provide services across the following EEA jurisdictions, in addition to its home authorisation in Spain.
Estonia8
Luxembourg8
Slovakia8
Malta8
Denmark8
Lithuania8
Sweden8
Germany8
Cyprus8
Norway8
Netherlands8
Italy8
Hungary8
Liechtenstein8
Latvia8
Austria8
Slovenia8
Romania8
Finland8
Greece8
Poland8
France8
Czech Republic8
Croatia8
Portugal8
Iceland8
Belgium8
Bulgaria8
Ireland8
Authorised activities (PSD2 / EMD2)
Payment-services activities PECUNPAY is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- Cash deposit services on a payment accountPSD2_1
- Cash withdrawal services on a payment accountPSD2_2
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is PECUNPAY a licensed e-money institution?
- Yes. PECUNPAY holds EMI authorisation from Banco de Espana in Spain, licence reference 6707. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates PECUNPAY?
- PECUNPAY is authorised and supervised by Banco de Espana in Spain. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is PECUNPAY's licence or FRN number?
- PECUNPAY's licence reference number is 6707. 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 PECUNPAY authorised in other EEA countries?
- Yes. PECUNPAY 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 Spain
Registered office
- Street
- AVENIDA DE BRUSELAS 35
- City
- ALCOBENDAS, 28108
Ratings & reader notes
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- 1★30
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