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SOLID PROCESSING LIMITED

Cyprus
4.2(141 ratings)ActiveEMI
View on register

Licence number

115.1.3.58

Authorised since

23 Aug 2023

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
SpecialistTier C

Authorised for 4 payment-services activities.

Tenure
GrowingTier C

Authorised 3 years ago.

About this institution

Verified active. SOLID PROCESSING LIMITED holds a current Cypriot e money licence (reference 115.1.3.58). The licence authorises issuance of electronic money and execution of payment transactions on a payment account. Additionally, it covers safeguarding of customer funds, issuing payment instruments, and acquiring payment transactions.

The licence permits cross - border operations in 29 EEA states, including Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain and Sweden.

Licence granted 23 August 2023. The register records the operational status as active. The Cyprus Securities and Exchange Commission reference 115.1.3.58 confirms the licence is active as of the last cross check.

Licence timeline

3 dated events

Dated events for SOLID PROCESSING LIMITED, 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

25/35

SOLID PROCESSING LIMITED is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 25th oldest of the 35 dated Cyprus EMI authorisations, one of 6 granted in 2023.

Is your money safe with SOLID PROCESSING LIMITED?

SOLID PROCESSING LIMITED 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 →

EEA passporting

29 jurisdictions

Under the EU passporting regime, SOLID PROCESSING LIMITED can provide services across the following EEA jurisdictions, in addition to its home authorisation in Cyprus.

  • NetherlandsNetherlands6
  • BulgariaBulgaria6
  • NorwayNorway6
  • FinlandFinland6
  • SlovakiaSlovakia6
  • GermanyGermany6
  • Czech RepublicCzech Republic6
  • EstoniaEstonia6
  • LithuaniaLithuania6
  • BelgiumBelgium6
  • RomaniaRomania6
  • ItalyItaly6
  • SwedenSweden6
  • SloveniaSlovenia6
  • IcelandIceland6
  • PolandPoland6
  • IrelandIreland6
  • LuxembourgLuxembourg6
  • SpainSpain6
  • MaltaMalta6
  • HungaryHungary6
  • GreeceGreece6
  • CroatiaCroatia6
  • LatviaLatvia6
  • AustriaAustria6
  • DenmarkDenmark6
  • LiechtensteinLiechtenstein6
  • FranceFrance6
  • PortugalPortugal6

Authorised activities (PSD2 / EMD2)

Payment-services activities SOLID PROCESSING LIMITED is permitted to carry out under its licence, as recorded in the register.

  • Issuance of electronic moneyEMI_ISSUANCE
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Safeguarding of customer fundsSAFEGUARDING
  • Execution of payment transactions on a payment accountPSD2_3

Frequently asked questions

Is SOLID PROCESSING LIMITED a licensed e-money institution?
Yes. SOLID PROCESSING LIMITED holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.58. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates SOLID PROCESSING LIMITED?
SOLID PROCESSING LIMITED 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 SOLID PROCESSING LIMITED's licence or FRN number?
SOLID PROCESSING LIMITED's licence reference number is 115.1.3.58. 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 SOLID PROCESSING LIMITED authorised in other EEA countries?
Yes. SOLID PROCESSING LIMITED 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 Cyprus

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Registered office

Street
1 Diogenous street, Block A, 2nd floor, office 19, Engomi
City
Nicosia, 2404

Ratings & reader notes

141 ratings · 0 written notes

4.2(141 ratings)
  • 5★77
  • 4★37
  • 3★14
  • 2★2
  • 1★11

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