Rapyd

About this institution

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

1. 01 Oct 2026

   Cross-checked against the Financial Supervisory Authority of Iceland register

   Automated daily verification of licence status and reference.

2. 06 Jul 2026

   First verified and added to this directory

3. 15 May 2012

   Licence granted by the Financial Supervisory Authority of Iceland

Position in the Iceland register

Rapyd is one of 4 e-money institutions on the Iceland register, 4 of which are currently active. Its licence is the 1st oldest of the 4 dated Iceland EMI authorisations.

Is your money safe with Rapyd?

Rapyd holds an e-money authorisation from Financial Supervisory Authority of Iceland, 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.

How e-money safeguarding works → Verify on the register →

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

• Croatia14
• Romania14
• Ireland14
• Austria14
• Cyprus14
• Germany14
• Luxembourg14
• France14
• Denmark14
• Spain14
• Italy14
• Latvia14
• Czech Republic14
• Bulgaria14
• Liechtenstein14
• Greece14
• Estonia14
• Portugal14
• Netherlands14
• Poland14
• Slovakia14
• Malta14
• Lithuania14
• Slovenia14
• Sweden14
• Finland14
• Norway14
• Belgium14
• Hungary14

Authorised activities (PSD2 / EMD2)

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

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

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

• Monerium ehf.
• Monerium
• Rapyd Europe hf.

View all institutions in Iceland →

Registered office

Street

Sudurlandsbraut 30

City

Reykjavik, 108