terminal / j / gb

United Kingdom

Regulator

Financial Conduct Authority

Regulator

Prudential Regulation Authority

Regimes

Financial Conduct Authority, Prudential Regulation Authority

Companies

8 active licences

Passporting in

0 home states

Activities

/ 25

PROVENANCE

0% registry100% document0% inferred

EVIDENCE

Conditions

Authorised Payment Institution / UK / PSR 2017

contested

Two primary sources disagree and precedence did not resolve it. Both are recorded; neither is preferred.

SOURCE 1 · STATUTEMoney remittance is listed in Schedule 1 Part 1 paragraph 1(f) of PSR 2017. PSR 2017 Schedule 1 Part 1 paragraph 1(f) (money remittance) corresponds to PSD2 Annex I item 6.B

“Services specified in paragraph 1(f) of Schedule 1 (money remittance)”

The Payment Services Regulations 2017, Schedule 3source2026-08-13

SOURCE 2 · STATUTEAuthorised payment institutions may not provide payment services through an agent unless the agent is entered on the FCA register.B

“Authorised payment institutions, small payment institutions and registered account information service providers may not provide payment services in the United Kingdom through an agent unless the agent is included on the register.”

The Payment Services Regulations 2017, Regulation 34 (Use of agents)source2026-08-13

Resolve in review queue →

REGIMES IN THIS JURISDICTION

click a tier for its source

REGIME · STATUTEACTSMIN CAPITALTIMELINEAPPLICATION FEE

Authorised Electronic Money Institution / UK / EMR 2011SI 2011/99 · Financial Conduct Authority

Acquire card-based payment transactions (card acquiring), Cash withdrawal from a payment account, Execute payment transactions (direct debits, card payments, credit transfers) +69/25 · 7 holders

EUR 350,000 source

3–12 months source

GBP 5,640 source

→

Small Electronic Money Institution / UK / EMR 2011SI 2011/99 · Financial Conduct Authority

Acquire card-based payment transactions (card acquiring), Cash withdrawal from a payment account, Execute payment transactions (direct debits, card payments, credit transfers) +58/25 · 0 holders

no data

GBP 1,130 source

→

Authorised Payment Institution / UK / PSR 2017SI 2017/752 · Financial Conduct Authority

Acquire card-based payment transactions (card acquiring), Cash withdrawal from a payment account, Execute payment transactions (direct debits, card payments, credit transfers) +69/25 · 0 holders

EUR 125,000 source

3–12 months source

GBP 5,640 source

→

Small Payment Institution / UK / PSR 2017SI 2017/752 · Financial Conduct Authority

Cash withdrawal from a payment account, Execute payment transactions (direct debits, card payments, credit transfers), Execute payment transactions funded by a credit line +36/25 · 0 holders

no data

GBP 1,130 source

→

Registered Account Information Service Provider / UK / PSR 2017SI 2017/752 · Financial Conduct Authority

Account information services1/25 · 0 holders

no data

GBP 1,130 source

→

Cryptoasset Business Registration / UK / MLR 2017SI 2017/692 · Financial Conduct Authority

no data0/25 · 0 holders

no data

→

Bank Authorisation (deposit-taking) / UK / FSMA 2000, dual-regulated PRA+FCAFinancial Services and Markets Ac… · Financial Conduct Authority

Acquire card-based payment transactions (card acquiring), Execute payment transactions (direct debits, card payments, credit transfers), Issue card-based payment instruments (card issuing) +25/25 · 1 holders

no data

→

Licences issued here

8 active

Source: Financial Conduct Authority, Prudential Regulation Authority’s public register, read 1 Sep 2026

Company	Regulator	Licence	Covers	Granted
Airwallex (UK) LtdPart of Airwallex Pty Ltd	Financial Conduct Authority	Authorised Electronic Money Institution	PaymentsE-money	01 Jan 2018
ClearBank Limited	Financial Conduct Authority	Bank Authorisation (deposit-taking)	PaymentsBanking	not published
Modulr FS Limited	Financial Conduct Authority	Authorised Electronic Money Institution	PaymentsE-money	22 Jun 2018
Modulr FS Limited	Financial Conduct Authority	Authorised Electronic Money Institution	PaymentsE-money	not published
Nium Fintech LtdPart of Nium Pte Ltd	Financial Conduct Authority	Authorised Electronic Money Institution	PaymentsE-money	not published
SettleGo Solutions Ltd t/a OpenPayd	Financial Conduct Authority	Authorised Electronic Money Institution	PaymentsE-money	not published
System Pay Services Ltd (BVNK)Part of BVNK Holdings Limited	Financial Conduct Authority	Authorised Electronic Money Institution	PaymentsE-money	not published
Wise Payments LimitedPart of Wise Financial Holdings Ltd	Financial Conduct Authority	Authorised Electronic Money Institution	PaymentsE-money	07 Jun 2018

INBOUND PASSPORTING — REGIMES ELSEWHERE THAT REACH THIS MARKET

HOME REGIME

No inbound passporting reaches this jurisdiction.

ACTIVITIES PERMITTED IN THIS JURISDICTION

Account information servicesConferred by Registered Account Information Service Provider / UK / PSR 2017 (for consumer, sme, corporate)

Acquire card-based payment transactions (card acquiring)Conferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Bank Authorisation (deposit-taking) / UK / FSMA 2000, dual-regulated PRA+FCA (for consumer, sme, corporate)

Cash withdrawal from a payment accountConferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Small Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary)

Execute payment transactions (direct debits, card payments, credit transfers)Conferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Small Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Bank Authorisation (deposit-taking) / UK / FSMA 2000, dual-regulated PRA+FCA (for consumer, sme, corporate)

Execute payment transactions funded by a credit lineConferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Small Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary)

Issue card-based payment instruments (card issuing)Conferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Bank Authorisation (deposit-taking) / UK / FSMA 2000, dual-regulated PRA+FCA (for consumer, sme, corporate)

Issue electronic moneyConferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary)

Issue payment instruments and/or acquire payment transactionsConferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Small Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary)

Money remittanceConferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Small Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Bank Authorisation (deposit-taking) / UK / FSMA 2000, dual-regulated PRA+FCA (for consumer, sme, corporate)

Payment initiation servicesConferred by Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate)

Place cash on a payment accountConferred by Authorised Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Small Electronic Money Institution / UK / EMR 2011 (for consumer, sme, corporate, via-intermediary); Authorised Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary); Small Payment Institution / UK / PSR 2017 (for consumer, sme, corporate, via-intermediary)

Take deposits or other repayable funds from the publicConferred by Bank Authorisation (deposit-taking) / UK / FSMA 2000, dual-regulated PRA+FCA (for consumer, sme, corporate)

PRODUCTS AVAILABLE HERE

PRODUCTCLIENT TYPESTATUSMISSING ACTIVITIES

Card issuingconsumer · SME · corporate · via intermediaryconditionalhypothetical—

Merchant collectionsconsumer · SME · corporate · via intermediaryconditionalhypothetical—

Cross-border remittanceconsumer · SME · corporate · via intermediarynoneCross-border remittance as a distinct commercial activity

Crypto off-ramp (crypto to fiat payout)consumer · SME · corporate · via intermediarynoneExchange crypto-assets for funds

Crypto on-ramp (fiat to crypto)consumer · SME · corporate · via intermediarynoneExchange crypto-assets for funds

IBAN accountsconsumer · SME · corporate · via intermediarynoneIssue IBAN accounts in the institution's own name

Payoutsconsumer · SME · corporate · via intermediarynoneCurrency conversion (FX) as a service

Stablecoin custodyconsumer · SME · corporate · via intermediarynoneProvide custody and administration of crypto-assets on behalf of clients

Stablecoin orchestrationconsumer · SME · corporate · via intermediarynoneProvide custody and administration of crypto-assets on behalf of clients, Exchange crypto-assets for funds

CHANGES

Nothing to show yet. A change log needs two snapshots to compare, and history only began being recorded on 2026-08-14 — the builds captured so far differ by zero values. Rather than back-fill invented history, this fills in as the corpus actually moves.

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Jurisdiction: United Kingdom

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