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WEEZZO LTD ( formely OKPAY CY LTD )

Cyprus

Legal name: WEEZZO LTD ( former OKPAY CY LTD ) - LICENCE REVOKED AS FROM 05/08/2020

3.8(67 ratings)ActiveEMI
View on register

Licence number

115.1.3.3

Authorised since

20 Oct 2015

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 2 payment-services activities.

Tenure
EstablishedTier A

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 events

Dated 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.

  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

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.

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

EEA passporting

29 jurisdictions

Under 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.

  • SloveniaSlovenia1
  • LatviaLatvia1
  • BulgariaBulgaria1
  • IcelandIceland1
  • DenmarkDenmark1
  • CroatiaCroatia1
  • Czech RepublicCzech Republic1
  • EstoniaEstonia1
  • GermanyGermany1
  • FranceFrance1
  • GreeceGreece1
  • NetherlandsNetherlands1
  • NorwayNorway1
  • FinlandFinland1
  • MaltaMalta1
  • PortugalPortugal1
  • BelgiumBelgium1
  • ItalyItaly1
  • LithuaniaLithuania1
  • SwedenSweden1
  • RomaniaRomania1
  • IrelandIreland1
  • PolandPoland1
  • SpainSpain1
  • HungaryHungary1
  • LuxembourgLuxembourg1
  • LiechtensteinLiechtenstein1
  • AustriaAustria1
  • SlovakiaSlovakia1

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

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Registered office

Street
84 Spyrou Kyprianou
City
Limassol, 4004

Ratings & reader notes

67 ratings · 0 written notes

3.8(67 ratings)
  • 5★31
  • 4★16
  • 3★5
  • 2★4
  • 1★11

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