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W.A.G. Issuing Services, a.s.

Czech Republic
3.8(62 ratings)ActiveEMI
View on register

Licence number

05021910

Authorised since

14 Jan 2021

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
Multi-serviceTier B

Authorised for 5 payment-services activities.

Tenure
MatureTier B

Authorised 5 years ago.

About this institution

Verified active. W.A.G. Issuing Services, a.s. holds a Czech National Bank electronic money institution licence. The licence authorises execution of payment transactions where funds are covered by a credit line. It also authorises issuing payment instruments, acquiring payment transactions, safeguarding customer funds, and executing payments on a payment account. Issuance of electronic money is also covered.

The licence allows operation in 29 EEA host states, including Austria, Belgium, Bulgaria, Croatia, Cyprus, 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 14 January 2021. No data gaps reported. Czech National Bank, reference 05021910, verified active.

Licence timeline

3 dated events

Dated events for W.A.G. Issuing Services, a.s., from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Czech National Bank register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Czech National Bank

Position in the Czech Republic register

Czech Republic EMIs

24

Active

24

Full / small licences

5 / 19

Licence age rank

22/24

W.A.G. Issuing Services, a.s. is one of 24 e-money institutions on the Czech Republic register, 24 of which are currently active. Its licence is the 22nd oldest of the 24 dated Czech Republic EMI authorisations.

Is your money safe with W.A.G. Issuing Services, a.s.?

W.A.G. Issuing Services, a.s. holds an e-money authorisation from Czech National Bank, 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, W.A.G. Issuing Services, a.s. can provide services across the following EEA jurisdictions, in addition to its home authorisation in Czech Republic.

  • IrelandIreland8
  • LatviaLatvia8
  • SwedenSweden8
  • GermanyGermany8
  • PortugalPortugal8
  • LuxembourgLuxembourg8
  • RomaniaRomania8
  • AustriaAustria8
  • CyprusCyprus8
  • HungaryHungary8
  • NetherlandsNetherlands8
  • NorwayNorway8
  • ItalyItaly8
  • LiechtensteinLiechtenstein8
  • EstoniaEstonia8
  • LithuaniaLithuania8
  • SpainSpain8
  • GreeceGreece8
  • MaltaMalta8
  • PolandPoland8
  • BelgiumBelgium8
  • SlovakiaSlovakia8
  • FranceFrance8
  • BulgariaBulgaria8
  • IcelandIceland8
  • CroatiaCroatia8
  • SloveniaSlovenia8
  • DenmarkDenmark8
  • FinlandFinland8

Authorised activities (PSD2 / EMD2)

Payment-services activities W.A.G. Issuing Services, a.s. is permitted to carry out under its licence, as recorded in the register.

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

Frequently asked questions

Is W.A.G. Issuing Services, a.s. a licensed e-money institution?
Yes. W.A.G. Issuing Services, a.s. holds EMI authorisation from Czech National Bank in Czech Republic, licence reference 05021910. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates W.A.G. Issuing Services, a.s.?
W.A.G. Issuing Services, a.s. is authorised and supervised by Czech National Bank in Czech Republic. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is W.A.G. Issuing Services, a.s.'s licence or FRN number?
W.A.G. Issuing Services, a.s.'s licence reference number is 05021910. 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 W.A.G. Issuing Services, a.s. authorised in other EEA countries?
Yes. W.A.G. Issuing Services, a.s. 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.

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Registered office

Street
Na Vítězné pláni 1719/4
City
Praha, 14000

Ratings & reader notes

62 ratings · 0 written notes

3.8(62 ratings)
  • 5★30
  • 4★15
  • 3★5
  • 2★1
  • 1★11

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