Licence number
40003242671
Authorised since
28 Oct 2011
EEA passports
0
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- EstablishedTier A
No EEA passporting on record.
Authorised for 2 payment-services activities.
Authorised 14 years ago.
About this institution
Verified active. SIA Paybanco, trading as Paybanco, holds a current Latvian e money licence granted on 28 October 2011. The Latvian Financial and Capital Market Commission authorises the entity to safeguard customer funds and issue electronic money. These activities are explicitly listed in the register.
No passporting has been recorded for this small EMI. The licence therefore remains confined to Latvia and does not cover any other EEA host states. The cross border scope is limited to the home jurisdiction only.
Data note: The licence granted date is 28 October 2011, and all other regulatory information matches the register record. The register lists the Latvian Financial and Capital Market Commission as authorising authority, reference number 40003242671, and confirms the entity's operational status as active as at the last cross check.
Licence timeline
3 dated eventsDated events for Paybanco, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Latvian Financial and Capital Market Commission register
Automated daily verification of licence status and reference.
First verified and added to this directory
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
2/21
Paybanco is one of 21 e-money institutions on the Latvia register, 21 of which are currently active. Its licence is the 2nd oldest of the 21 dated Latvia EMI authorisations, one of 4 granted in 2011. As a small-EMI registration it operates domestically only - 9 of the 21 Latvia entries use this lighter regime.
Is your money safe with Paybanco?
Paybanco 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.
Authorised activities (PSD2 / EMD2)
Payment-services activities Paybanco is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is Paybanco a licensed e-money institution?
- Yes. Paybanco holds Small EMI authorisation from Latvian Financial and Capital Market Commission in Latvia, licence reference 40003242671. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Paybanco?
- Paybanco 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 Paybanco's licence or FRN number?
- Paybanco's licence reference number is 40003242671. 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 Latvia
Registered office
- Street
- Bultu iela 8 - 69
- City
- Rīga, LV-1057
Ratings & reader notes
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