BVNK and the BVNK Partners hold various licences and registrations in their respective jurisdictions in order to offer their services to you. Below is an overview of BVNK and its partners' licenses and registrations.
If you have any questions, or would like to understand which party is relevant to based on the services provided to you please contact merchants@bvnk.com or your dedicated Account Manager.
BVNK Group
Europe
System Pay Services Ltd is a company incorporated in England and Wales with company registration number 11621763, and authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Reference Number: 901057).
System Pay Services (Malta) Ltd is a company incorporated in Malta with company registration number C66961, and authorised and regulated by the Malta Financial Services Authority as an Electronic Money Institution (Reference Number: C66961).
System Pay Services Solutions, Spain, S.L. is a company incorporated in Spain with tax identification number B-16987679. System Pay Services Solutions Spain, S.L. is registered as a virtual asset services provider with the Bank of Spain (Reference Number: D698) for virtual asset exchange services.
Note: System Pay Services Solutions, Spain, S.L. is listed in the Bank of Spain’s public register as a crypto service provider. The Bank of Spain supervises System Pay Services Solutions, Spain, S.L. in compliance with the Second Additional Provision of Law 10/2010 of 28 April 2010 on the prevention of money laundering and terrorist financing (Disposición Adicional Segunda de la Ley 10/2010, de 28 de abril, de prevención del blanqueo de capitales y de la financiación del terrorismo) (“Law 10/2010”). The crypto services of BVNK are not subject to prudential supervision by the Bank of Spain or any other European authorities, including the UK. This means that financial operational risks in respect of the crypto services are not monitored and there is no specific financial consumer protection.
North America
System Pay Services (US), Inc. is a company incorporated in the state of Delaware with company registration number 7605266, is registered with the Financial Crimes Enforcement Network Department of the Treasury as a Money Services Business (Reference Number: 31000251397005) and is licensed in the following US jurisdictions:
|
JURISDICTION |
LICENSE | STATE AGENCY |
| Alabama | Money Transmitter License, 963 | Alabama Securities Commission |
| Arizona | Money Transmitter License, MT-2002578 | Arizona Department of Insurance & Financial Institutions |
| Delaware | Check Seller, Money Transmitter License, 041560 | Office of the State Bank Commissioner |
| Florida | Money Services Businesses Part II, FT230000480 | Florida Office of Financial Regulation |
| Michigan | Money Transmitter License, MT0025931 | Department of Insurance and Financial Services |
| New Hampshire | Money Transmitter License, 2531294MT |
New Hampshire Banking Department |
BVNK Partners
Easy Payment and Finance, EP, S.A., is a company incorporated in Spain, registered with Kingdom of Spain's Tax Agency - Agencia Estatal de Administración Tributaria (AEAT) (CIF no: A-85785905), and authorised and regulated by the Bank of Spain as a Payment Institution (Reference Number: 6849).
Modulr FS Limited, is a company incorporated in England and Wales with company registration number 09897919, and is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Reference Number: 900573). Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 – for more information please see here.
Modulr Finance B.V., is a company incorporated the Netherlands with company registration number 81852401, and is authorised and regulated by the De Nederlandsche Bank (DNB) as an Electronic Money Institution (Reference Number: R182870). Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act (Wet op het Financieel Toezicht, Wft) – for more information please see here.
Banking Circle S.A., is a company incorporated in Luxembourg with company registration number R.C.S. B222.310, and is authorised and regulated by the Commission du Secteur Financier (CSSF) as a credit institution (Reference Number: LUB00000408).
ClearBank Limited is a company incorporated in England and Wales with company registration number 09736376, and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Reference Number: 754568).
LHV Bank Limited is a company incorporated in England and Wales with company registration number 13180211, and is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Reference Number: 993767).
AS LHV Pank is a company incorporated in Estonia with company registration number 10539549, and is authorised by the Finantsinspektsioon (Estonian Financial Supervision and Resolution Authority) as a credit institution (Reference Number: 10539549).
Privalgo Limited is a company incorporated in England and Wales with company registration number 11219580, and is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Reference Number: 900887).