Payset is regulated as an authorised electronic money institution by the UK Financial Conduct Authority (FCA), with FCA reference number 900920.
Our activities are regulated by the Electronic Money Regulation 2011 and the Payment Services Regulation 2017.
The FCA, as the UK financial watchdog, probably holds one of the highest levels of reputation for effective supervision, rigorous regulatory standards, and expertise in overseeing financial institutions, which in turn serves to better protect customers of those financial institutions, such as EMIs. Notably, the FCA has established a reputation for promoting innovation within the financial domain through proactive regulatory innovation initiatives. Moreover, the FCA plays a pivotal role in ensuring market stability and credibility. It maintains active engagement and support for the industry while offering clear and comprehensive guidance to EMIs like Payset.
Pay Set holds an Information Commissioner's Office (ICO) Registration. View our ICO Registration Certificate here: ZA832552.
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