Licence number
642044366
Authorised since
08 Jun 2018
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 6 payment-services activities.
Authorised 8 years ago.
About this institution
Verified active in France, where UP COOP holds licence 642044366 issued by the Autorite de Controle Prudentiel et de Resolution. The licence authorises safeguarding of customer funds, a core requirement for any electronic money institution. Cash withdrawal services on a payment account are authorised under the EMI regime. Issuance of electronic money and payment instruments, along with acquisition of payment transactions, is covered. Execution of payment transactions where funds are covered by a credit line, and on a payment account, is authorised.
No passporting is on record for the licence. The register lists the licence as active in France only.
Licence granted 8 June 2018. The register lists reference 642044366 issued by the Autorite de Controle Prudentiel et de Resolution, operational status active as at the last cross - check.
Licence timeline
3 dated eventsDated events for UP COOP, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Autorite de Controle Prudentiel et de Resolution register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Autorite de Controle Prudentiel et de Resolution
Position in the France register
France EMIs
30
Active
30
Full / small licences
29 / 1
Licence age rank
9/30
UP COOP is one of 30 e-money institutions on the France register, 30 of which are currently active. Its licence is the 9th oldest of the 30 dated France EMI authorisations, one of 2 granted in 2018.
Is your money safe with UP COOP?
UP COOP holds an e-money authorisation from Autorite de Controle Prudentiel et de Resolution, 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.
Authorised activities (PSD2 / EMD2)
Payment-services activities UP COOP is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- 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
- Safeguarding of customer fundsSAFEGUARDING
- Cash withdrawal services on a payment accountPSD2_2
Frequently asked questions
- Is UP COOP a licensed e-money institution?
- Yes. UP COOP holds EMI authorisation from Autorite de Controle Prudentiel et de Resolution in France, licence reference 642044366. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates UP COOP?
- UP COOP is authorised and supervised by Autorite de Controle Prudentiel et de Resolution in France. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is UP COOP's licence or FRN number?
- UP COOP's licence reference number is 642044366. 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 France
Registered office
- Street
- 9-11 Boulevard Louise Michel
- City
- GENNEVILLIERS, 92230
Ratings & reader notes
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