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Licensed EMIsSee verified EMIs

Settle Group AS

Norway
4.8(136 ratings)ActiveEMI
View on register

Licence number

995073064

Authorised since

08 Jul 2014

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 8 payment-services activities.

Tenure
EstablishedTier A

Authorised 12 years ago.

About this institution

Verified active. Settle Group AS holds a current Norwegian e-money licence. The licence authorises the company to execute payment transactions on a payment account. It also permits cash withdrawal services and money remittance on a payment account. Issuance of electronic money, issuing payment instruments, and acquiring payment transactions are further covered. The licence also safeguards customer funds and provides cash deposit services. The regulator is the Financial Supervisory Authority of Norway.

The licence is passported into 29 EEA host states. These host states include Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden.

The licence was granted on 8 July 2014. The register lists reference number 995073064 and confirms the status remains active, as recorded in the latest cross-check.

Licence timeline

3 dated events

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

  1. Cross-checked against the Financial Supervisory Authority of Norway register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Financial Supervisory Authority of Norway

Position in the Norway register

Norway EMIs

10

Active

10

Full / small licences

10 / 0

Licence age rank

2/10

Settle Group AS is one of 10 e-money institutions on the Norway register, 10 of which are currently active. Its licence is the 2nd oldest of the 10 dated Norway EMI authorisations.

Is your money safe with Settle Group AS?

Settle Group AS holds an e-money authorisation from Financial Supervisory Authority of Norway, 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 →

EEA passporting

29 jurisdictions

Under the EU passporting regime, Settle Group AS can provide services across the following EEA jurisdictions, in addition to its home authorisation in Norway.

  • IcelandIceland12
  • FranceFrance12
  • SlovakiaSlovakia12
  • RomaniaRomania12
  • MaltaMalta12
  • LiechtensteinLiechtenstein12
  • LithuaniaLithuania12
  • EstoniaEstonia12
  • SpainSpain12
  • LuxembourgLuxembourg12
  • PortugalPortugal12
  • GreeceGreece12
  • FinlandFinland12
  • SloveniaSlovenia12
  • NetherlandsNetherlands12
  • DenmarkDenmark12
  • BelgiumBelgium12
  • AustriaAustria12
  • HungaryHungary12
  • BulgariaBulgaria12
  • CyprusCyprus12
  • PolandPoland12
  • LatviaLatvia12
  • SwedenSweden12
  • Czech RepublicCzech Republic12
  • CroatiaCroatia12
  • GermanyGermany12
  • IrelandIreland12
  • ItalyItaly12

Authorised activities (PSD2 / EMD2)

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

  • Execution of payment transactions on a payment accountPSD2_3
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Issuance of electronic moneyEMI_ISSUANCE
  • Money remittancePSD2_6
  • Cash deposit services on a payment accountPSD2_1
  • Safeguarding of customer fundsSAFEGUARDING
  • Cash withdrawal services on a payment accountPSD2_2
  • Execution of payment transactions where funds are covered by credit linePSD2_4

Frequently asked questions

Is Settle Group AS a licensed e-money institution?
Yes. Settle Group AS holds EMI authorisation from Financial Supervisory Authority of Norway in Norway, licence reference 995073064. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates Settle Group AS?
Settle Group AS is authorised and supervised by Financial Supervisory Authority of Norway in Norway. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is Settle Group AS's licence or FRN number?
Settle Group AS's licence reference number is 995073064. 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 Settle Group AS authorised in other EEA countries?
Yes. Settle Group AS 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 Norway

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Registered office

Street
Tordenskiolds gate 8-10
City
Oslo, 0160

Ratings & reader notes

136 ratings · 0 written notes

4.8(136 ratings)
  • 5★109
  • 4★21
  • 3★5
  • 2★1
  • 1★0

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