Skip to content

Cross-checked against the FCA + EBA registers

Licensed EMIsSee verified EMIs

SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025)

Cyprus
Not yet ratedActiveEMI
View on register

Regulator

Cyprus Securities and Exchange Commission

Licence number

115.1.3.33

Authorised since

09 Jan 2024

EEA passports

0

Profile rates

Data-derived · A is broadest

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

Reach
DomesticTier D

No EEA passporting on record.

Scope
SpecialistTier C

Authorised for 4 payment-services activities.

Tenure
GrowingTier C

Authorised 2 years ago.

About this institution

Verified active. SAAMIPAY LTD, formerly HALEEL FINANCE LTD, holds a current licence from the Cyprus Securities and Exchange Commission (reference 115.1.3.33). The licence authorises the safeguarding of customer funds, money remittance and execution of payment transactions on a payment account. It also authorises issuance of electronic money.

No EEA passporting is on record. The licence covers only Cyprus and does not extend to other EEA states.

Data note: the licence was revoked on 09/07/2025, yet the operational status remains active as at the last cross-check. Cyprus Securities and Exchange Commission, reference 115.1.3.33, active.

Licence timeline

3 dated events

Dated events for SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025), from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Cyprus Securities and Exchange Commission register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Cyprus Securities and Exchange Commission

Position in the Cyprus register

Cyprus EMIs

35

Active

35

Full / small licences

35 / 0

Licence age rank

27/35

SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025) is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 27th oldest of the 35 dated Cyprus EMI authorisations, one of 3 granted in 2024.

Is your money safe with SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025)?

SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025) holds an e-money authorisation from Cyprus Securities and Exchange Commission, 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 →

Authorised activities (PSD2 / EMD2)

Payment-services activities SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025) is permitted to carry out under its licence, as recorded in the register.

  • Safeguarding of customer fundsSAFEGUARDING
  • Money remittancePSD2_6
  • Issuance of electronic moneyEMI_ISSUANCE
  • Execution of payment transactions on a payment accountPSD2_3

Frequently asked questions

Is SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025) a licensed e-money institution?
Yes. SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025) holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.33. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025)?
SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025) is authorised and supervised by Cyprus Securities and Exchange Commission in Cyprus. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025)'s licence or FRN number?
SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025)'s licence reference number is 115.1.3.33. 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.

Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.

Other licensed institutions in Cyprus

View all institutions in Cyprus →

Registered office

Street
2 Agias Elenis street
City
Nicosia, 1060

Ratings & reader notes

0 written notes

Share what you know about SAAMIPAY LTD (Formerly named: HALEEL FINANCE LTD) - (License revoked on 09/07/2025). Guest comments - no account required. Be kind and on-topic.

No reader notes yet. Be the first to share what you know about this institution.