WEEZZO LTD ( formely OKPAY CY LTD )
Legal name: WEEZZO LTD ( former OKPAY CY LTD ) - LICENCE REVOKED AS FROM 05/08/2020
Licence number
115.1.3.3
Authorised since
20 Oct 2015
EEA passports
29
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- SpecialistTier C
- Tenure
- EstablishedTier A
Passports into 29 EEA jurisdictions.
Authorised for 2 payment-services activities.
Authorised 10 years ago.
About this institution
Verified active. WEEZZO LTD holds a Cypriot electronic money licence, granting issuance of electronic money and safeguarding of customer funds.
The licence is passported into 29 host states, covering a broad EEA scope. The host states include Germany, France, Spain, Italy, Netherlands, Poland, Austria, Belgium, and 21 other EEA members.
Data note: the licence was granted on 20 October 2015 and revoked on 05-08-2020. In the register, the licence reference is 115.1.3.3 for WEEZZO LTD. Cyprus Securities and Exchange Commission lists licence reference 115.1.3.3 for WEEZZO LTD as active as at the last cross-check.
Licence timeline
3 dated eventsDated events for WEEZZO LTD ( formely OKPAY CY LTD ), from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Cyprus Securities and Exchange Commission register
Automated daily verification of licence status and reference.
First verified and added to this directory
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
1/35
WEEZZO LTD ( formely OKPAY CY LTD ) is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 1st oldest of the 35 dated Cyprus EMI authorisations.
Is your money safe with WEEZZO LTD ( formely OKPAY CY LTD )?
WEEZZO LTD ( formely OKPAY CY LTD ) 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.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, WEEZZO LTD ( formely OKPAY CY LTD ) can provide services across the following EEA jurisdictions, in addition to its home authorisation in Cyprus.
Slovenia1
Latvia1
Bulgaria1
Iceland1
Denmark1
Croatia1
Czech Republic1
Estonia1
Germany1
France1
Greece1
Netherlands1
Norway1
Finland1
Malta1
Portugal1
Belgium1
Italy1
Lithuania1
Sweden1
Romania1
Ireland1
Poland1
Spain1
Hungary1
Luxembourg1
Liechtenstein1
Austria1
Slovakia1
Authorised activities (PSD2 / EMD2)
Payment-services activities WEEZZO LTD ( formely OKPAY CY LTD ) is permitted to carry out under its licence, as recorded in the register.
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is WEEZZO LTD ( formely OKPAY CY LTD ) a licensed e-money institution?
- Yes. WEEZZO LTD ( formely OKPAY CY LTD ) holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.3. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates WEEZZO LTD ( formely OKPAY CY LTD )?
- WEEZZO LTD ( formely OKPAY CY LTD ) 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 WEEZZO LTD ( formely OKPAY CY LTD )'s licence or FRN number?
- WEEZZO LTD ( formely OKPAY CY LTD )'s licence reference number is 115.1.3.3. 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 WEEZZO LTD ( formely OKPAY CY LTD ) authorised in other EEA countries?
- Yes. WEEZZO LTD ( formely OKPAY CY LTD ) 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
Registered office
- Street
- 84 Spyrou Kyprianou
- City
- Limassol, 4004
Ratings & reader notes
67 ratings · 0 written notes
- 5★31
- 4★16
- 3★5
- 2★4
- 1★11
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