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Cross-checked against the FCA + EBA registers

Licensed EMIsSee verified EMIs

My Pay

Latvia

Legal name: Sabiedrība ar ierobežotu atbildību "My Pay"

Not yet ratedActiveSmall EMI
View on register

Regulator

Latvian Financial and Capital Market Commission

Licence number

40103445248

Authorised since

13 Jan 2012

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
EstablishedTier A

Authorised 14 years ago.

About this institution

Verified active. Sabiedrība ar ierobežotu atbildību My Pay, trading as My Pay, holds a current Latvian small electronic money institution licence. The licence, cross-checked against the register, is granted by the Latvian Financial and Capital Market Commission. It authorises issuing payment instruments and acquiring payment transactions. It also safeguards customer funds, facilitates money remittance, and issues electronic money.

The licence is intended for passporting across the European Economic Area, yet the register shows no count of host states. No EEA passporting is on record, so cross-border reach remains unconfirmed.

Licence granted 13 January 2012, as noted in the register. Latvian Financial and Capital Market Commission lists licence reference 40103445248 for Sabiedrība ar ierobežotu atbildību My Pay, status active at last cross-check.

Licence timeline

3 dated events

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

  1. Cross-checked against the Latvian Financial and Capital Market Commission register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Small EMI registration granted by the Latvian Financial and Capital Market Commission

Position in the Latvia register

Latvia EMIs

21

Active

21

Full / small licences

12 / 9

Licence age rank

5/21

My Pay is one of 21 e-money institutions on the Latvia register, 21 of which are currently active. Its licence is the 5th oldest of the 21 dated Latvia EMI authorisations, one of 2 granted in 2012. As a small-EMI registration it operates domestically only - 9 of the 21 Latvia entries use this lighter regime.

Is your money safe with My Pay?

My Pay holds a small-EMI registration from Latvian Financial and Capital Market 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. Small-EMI regimes are national and domestic-only; the exact safeguarding arrangements are worth confirming with the firm and its regulator.

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

Authorised activities (PSD2 / EMD2)

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

  • Issuance of electronic moneyEMI_ISSUANCE
  • Safeguarding of customer fundsSAFEGUARDING
  • Money remittancePSD2_6
  • Issuing payment instruments and acquiring payment transactionsPSD2_5

Frequently asked questions

Is My Pay a licensed e-money institution?
Yes. My Pay holds Small EMI authorisation from Latvian Financial and Capital Market Commission in Latvia, licence reference 40103445248. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates My Pay?
My Pay is authorised and supervised by Latvian Financial and Capital Market Commission in Latvia. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is My Pay's licence or FRN number?
My Pay's licence reference number is 40103445248. 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.

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Registered office

Street
Murjāņu iela 1A
City
Rīga, LV-1024

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