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Rapyd

Iceland

Legal name: Rapyd Europe hf.

3.0(44 notes)ActiveEMI
View on register

Regulator

Financial Supervisory Authority of Iceland

Licence number

4306023650

Authorised since

15 May 2012

EEA passports

29

Profile rates

Data-derived · A is broadest

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

Reach
Pan-EuropeanTier A

Passports into 29 EEA jurisdictions.

Scope
Full-serviceTier A

Authorised for 10 payment-services activities.

Tenure
EstablishedTier A

Authorised 14 years ago.

About this institution

Verified active. Rapyd Europe hf., trading as Rapyd, holds a current licence issued by Iceland's Financial Supervisory Authority. The entity is authorised to provide account information services, cash deposit and withdrawal services on payment accounts, execution of payment transactions (including those covered by credit line), issuance of electronic money, issuing and acquiring of payment instruments, money remittance, payment initiation services, and safeguarding of customer funds. This breadth of authorised activities reflects a full-service e-money institution model.

The licence is passported across 29 EEA host states. Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden are all listed as jurisdictions into which the authorisation extends. This reach covers the principal financial markets of continental Europe and the Nordic region.

Data note: the licence was granted on 15 May 2012 and the operational status is recorded as active as at the last cross-check against the register. The entity's authorisation continues under reference 4306023650 with the Financial Supervisory Authority of Iceland.

EEA passporting

29 jurisdictions

Under the EU passporting regime, Rapyd can provide services across the following EEA jurisdictions, in addition to its home authorisation in Iceland.

  • EstoniaEstonia14
  • BelgiumBelgium14
  • DenmarkDenmark14
  • SpainSpain14
  • CroatiaCroatia14
  • NorwayNorway14
  • ItalyItaly14
  • MaltaMalta14
  • CyprusCyprus14
  • LatviaLatvia14
  • Czech RepublicCzech Republic14
  • FinlandFinland14
  • RomaniaRomania14
  • PolandPoland14
  • HungaryHungary14
  • GreeceGreece14
  • LuxembourgLuxembourg14
  • FranceFrance14
  • BulgariaBulgaria14
  • PortugalPortugal14
  • SloveniaSlovenia14
  • LithuaniaLithuania14
  • GermanyGermany14
  • LiechtensteinLiechtenstein14
  • SwedenSweden14
  • IrelandIreland14
  • AustriaAustria14
  • NetherlandsNetherlands14
  • SlovakiaSlovakia14

Authorised activities (PSD2 / EMD2)

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

  • Cash deposit services on a payment accountPSD2_1
  • Payment initiation services (PIS)PSD2_7
  • Cash withdrawal services on a payment accountPSD2_2
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Execution of payment transactions on a payment accountPSD2_3
  • Execution of payment transactions where funds are covered by credit linePSD2_4
  • Safeguarding of customer fundsSAFEGUARDING
  • Money remittancePSD2_6
  • Account information services (AIS)PSD2_8
  • Issuance of electronic moneyEMI_ISSUANCE

Frequently asked questions

Is Rapyd a licensed e-money institution?
Yes. Rapyd holds EMI authorisation from Financial Supervisory Authority of Iceland in Iceland, licence reference 4306023650. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates Rapyd?
Rapyd is authorised and supervised by Financial Supervisory Authority of Iceland in Iceland. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is Rapyd's licence or FRN number?
Rapyd's licence reference number is 4306023650. 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 Rapyd authorised in other EEA countries?
Yes. Rapyd 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 Iceland

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Registered office

Street
Sudurlandsbraut 30
City
Reykjavik, 108

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