Licence number
115.1.3.59
Authorised since
14 Jun 2024
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
- GrowingTier C
Passports into 29 EEA jurisdictions.
Authorised for 4 payment-services activities.
Authorised 2 years ago.
About this institution
Verified active. ZOLVAT LTD, formerly Azzure Solutions (CY) Ltd, is licensed in Cyprus by the Cyprus Securities and Exchange Commission. Authorised activities include safeguarding customer funds, executing payment transactions on a payment account, issuing and acquiring payment instruments, and issuing electronic money.
The licence permits cross border passporting into 29 EEA host states. Included are Austria, Belgium, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden.
Licence granted on 14 June 2024, reference number 115.1.3.59. Licence reference 115.1.3.59, Cyprus Securities and Exchange Commission, status active as at last cross check.
Licence timeline
3 dated eventsDated events for ZOLVAT LTD (Former name: Azzure Solutions (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
28/35
ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd) is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 28th oldest of the 35 dated Cyprus EMI authorisations, one of 3 granted in 2024.
Is your money safe with ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd)?
ZOLVAT LTD (Former name: Azzure Solutions (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, ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd) can provide services across the following EEA jurisdictions, in addition to its home authorisation in Cyprus.
Germany6
Slovakia6
Croatia6
Netherlands6
Spain6
Greece6
Poland6
Bulgaria6
Latvia6
Slovenia6
Portugal6
Denmark6
Hungary6
Italy6
Austria6
Estonia6
France6
Finland6
Ireland6
Iceland6
Lithuania6
Malta6
Luxembourg6
Liechtenstein6
Belgium6
Romania6
Sweden6
Czech Republic6
Norway6
Authorised activities (PSD2 / EMD2)
Payment-services activities ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd) is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Execution of payment transactions on a payment accountPSD2_3
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd) a licensed e-money institution?
- Yes. ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd) holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.59. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd)?
- ZOLVAT LTD (Former name: Azzure Solutions (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 ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd)'s licence or FRN number?
- ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd)'s licence reference number is 115.1.3.59. 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 ZOLVAT LTD (Former name: Azzure Solutions (CY) Ltd) authorised in other EEA countries?
- Yes. ZOLVAT LTD (Former name: Azzure Solutions (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
- 213B Archiepiskopou Makariou III, Maximos Plaza, Flat 3
- City
- Limassol, 3105
Ratings & reader notes
101 ratings · 0 written notes
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- 4★30
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- 2★17
- 1★20
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