Steven AB (previously Pei Development AB)

About this institution

Dated events for Steven AB (previously Pei Development AB), from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

1. 01 Oct 2026

   Cross-checked against the Swedish Financial Supervisory Authority register

   Automated daily verification of licence status and reference.

2. 06 Jul 2026

   First verified and added to this directory

3. 05 Jul 2019

   Licence granted by the Swedish Financial Supervisory Authority

Position in the Sweden register

Steven AB (previously Pei Development AB) is one of 8 e-money institutions on the Sweden register, 8 of which are currently active. Its licence is the 3rd oldest of the 8 dated Sweden EMI authorisations, one of 5 granted in 2019.

Is your money safe with Steven AB (previously Pei Development AB)?

Steven AB (previously Pei Development AB) holds an e-money authorisation from Swedish 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.

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

Under the EU passporting regime, Steven AB (previously Pei Development AB) can provide services across the following EEA jurisdictions, in addition to its home authorisation in Sweden.

• Portugal9
• Finland9
• Luxembourg9
• Poland9
• Norway9
• France9
• Malta9
• Lithuania9
• Germany9
• Belgium9
• Denmark9
• Ireland9
• Netherlands9
• Spain8
• Cyprus9
• Italy9
• Austria9
• Greece8

Authorised activities (PSD2 / EMD2)

Payment-services activities Steven AB (previously Pei Development AB) is permitted to carry out under its licence, as recorded in the register.

• ✓Issuance of electronic moneyEMI_ISSUANCE
• ✓Execution of payment transactions where funds are covered by credit linePSD2_4
• ✓Execution of payment transactions on a payment accountPSD2_3
• ✓Issuing payment instruments and acquiring payment transactionsPSD2_5
• ✓Safeguarding of customer fundsSAFEGUARDING

Frequently asked questions

Is Steven AB (previously Pei Development AB) a licensed e-money institution?

Yes. Steven AB (previously Pei Development AB) holds EMI authorisation from Swedish Financial Supervisory Authority in Sweden, licence reference 48004. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.

Who regulates Steven AB (previously Pei Development AB)?

Steven AB (previously Pei Development AB) is authorised and supervised by Swedish Financial Supervisory Authority in Sweden. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.

What is Steven AB (previously Pei Development AB)'s licence or FRN number?

Steven AB (previously Pei Development AB)'s licence reference number is 48004. 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 Steven AB (previously Pei Development AB) authorised in other EEA countries?

Yes. Steven AB (previously Pei Development AB) is passported to 18 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.

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Registered office

Street

Box 5183

City

STOCKHOLM, 102 44