Licence number
20460178
Authorised since
22 Mar 2017
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
- Multi-serviceTier B
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 5 payment-services activities.
Authorised 9 years ago.
About this institution
Verified active. Smartum Oy holds a current Finnish e-money licence under the Finnish Financial Supervisory Authority. The licence authorises issuance of payment instruments and acquisition of payment transactions. It also authorises execution of payment transactions on a payment account, safeguarding customer funds, and transactions covered by credit line.
The licence offers no recorded EEA passporting and is limited to domestic Finnish operations.
Licence granted 22 March 2017; no passporting record. Finnish Financial Supervisory Authority, Reference 20460178, status active as of last cross-check.
Licence timeline
3 dated eventsDated events for Smartum Oy, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Finnish Financial Supervisory Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
Small EMI registration granted by the Finnish Financial Supervisory Authority
Position in the Finland register
Finland EMIs
16
Active
16
Full / small licences
9 / 7
Licence age rank
4/16
Smartum Oy is one of 16 e-money institutions on the Finland register, 16 of which are currently active. Its licence is the 4th oldest of the 16 dated Finland EMI authorisations. As a small-EMI registration it operates domestically only - 7 of the 16 Finland entries use this lighter regime.
Is your money safe with Smartum Oy?
Smartum Oy holds a small-EMI registration from Finnish Financial Supervisory Authority, 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 Smartum Oy is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions where funds are covered by credit linePSD2_4
- Execution of payment transactions on a payment accountPSD2_3
Frequently asked questions
- Is Smartum Oy a licensed e-money institution?
- Yes. Smartum Oy holds Small EMI authorisation from Finnish Financial Supervisory Authority in Finland, licence reference 20460178. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Smartum Oy?
- Smartum Oy is authorised and supervised by Finnish Financial Supervisory Authority in Finland. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is Smartum Oy's licence or FRN number?
- Smartum Oy's licence reference number is 20460178. 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 Finland
Registered office
- Street
- Yrjönkatu 11 B
- City
- HELSINKI, 00120
Ratings & reader notes
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