---
title: "Gr8 Pay Sia SWIFT/BIC code PYSILV22XXX · Latvia | Elucidate"
description: "Licensed in Latvia: Electronic money institution (Latvijas Banks). SWIFT/BIC code PYSILV22XXX for Gr8 Pay Sia, Latvia. Head-office BIC."
url: https://elucidate.co/directory/gr8-pay-sia-pysilv22
---
1. [Directory](https://elucidate.co/directory)
2. [Latvia](https://elucidate.co/directory/country/lv)
3. Gr8 Pay Sia
Latvia · Payments & e-money
# Gr8 Pay Sia
Legal name in the LEI record SIA GR8 PAY
SIA GR8 PAY is a Latvian private limited company based in Mārupe. Latvijas Banka authorises it as an electronic money institution under licence No. 27-55/2025/11, granted on 10 December 2025. The firm trades as GR8.money and states that it has no parent company. It issues electronic money, executes credit transfers, direct debits and card payments, and issues payment instruments. It has also published a MiCA white paper for EUR PARITY (EUR.PA), a euro e-money token on Ethereum.
Register status
Licensed in Latvia
Electronic money institution · Latvijas Banks
Prudential licence
[1 licence or registration ↓](https://elucidate.co/directory/gr8-pay-sia-pysilv22#licences)
BIC **PYSILV22XXX** LEI **[6488GKH17O8XT1326F66](https://search.gleif.org/#/record/6488GKH17O8XT1326F66)** [Licence no. **50203643321**](https://elucidate.co/directory/gr8-pay-sia-pysilv22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/gr8-pay-sia-pysilv22#claim)
## Licences and registrations
Held by Sia Gr8 Pay (LEI 6488GKH17O8XT1326F66). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [EBA PSD2 Register](https://elucidate.co/directory/register/eba-psd2) Latvijas Banks Linked by LEI. Matched by Elucidate to GLEIF on name and country only. | Electronic money institutionE-Money / Stored Value Institution | 50203643321 | [Latvia](https://elucidate.co/directory/country/lv) | Active | 2025-12-10 | — | - Payment services - E-money / stored value | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) |
Trading names on the register: GR8 money (EBA-PSD2)
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
## Swift network
Swift’s ISO 9362 BIC directory
- **BIC:** PYSILV22XXX head office
- **Connection to Swift:** Reverse billing
- **Swift GPI:** Not on the member list
- **Payment schemes and systems:** [SCT · SCT Inst · TIPS](https://elucidate.co/directory/gr8-pay-sia-pysilv22#schemes)
- **Branch codes:** None: head-office BIC only
- **BIC first registered:** 2026-04-04
- **Last updated:** 2026-04-04
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/gr8-pay-sia-pysilv22#overview-sources)
Customers
Not published
Employees
Not published
Ownership
Privately held
Firm type
E-money and accounts
Trades as GR8.money
- **Standing:** Latvijas Banka issued the firm an electronic money institution licence on 10 December 2025. In its white paper of April 2026 the firm said it had been in a start-up and operational set-up phase since registration.
- **Ownership:** The firm states in its April 2026 MiCA white paper that it has no parent company and no subsidiaries.
- **Head office:** Malduguņu iela 2, LV-2167 Mārupe, Latvia
- **Company register:** Latvian Register of Enterprises 50203643321
- **Incorporated:** 23 Apr 2025
### Online
- **Websites & references:** [gr8.money ↗](https://gr8.money/)
- **Official social accounts:** None found
Sources · 5 pages consulted
1. [bank.lv/en/financial-market-participant-register/market-participants/gr8-pay-sia](https://www.bank.lv/en/financial-market-participant-register/market-participants/gr8-pay-sia)
2. [bank.lv/en/news-and-events/news-and-articles/news/17425-latvijas-banka-is-issuing-an-electronic-m](https://www.bank.lv/en/news-and-events/news-and-articles/news/17425-latvijas-banka-is-issuing-an-electronic-money-institution-operating-licence-to-sia-gr8-pay)
3. [lb.lt/en/sfi-financial-market-participants/sia-gr8-pay](https://www.lb.lt/en/sfi-financial-market-participants/sia-gr8-pay)
4. [gr8.money/eur.pa/wp](https://gr8.money/eur.pa/wp)
5. [gr8.money/](https://gr8.money/)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/gr8-pay-sia-pysilv22#overview-sources)
- **Operates under:** Its own licences
Latvijas Banka authorises the firm as an electronic money institution under licence No. 27-55/2025/11. The licence is passported to 29 EEA states. The firm relies on this licence to issue its e-money token and has notified a MiCA white paper for it.
| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Latvijas Banka Latvia | Authorized electronic money institution | 27-55/2025/11 | In its own name | Active | [bank.lv ↗](https://www.bank.lv/en/financial-market-participant-register/market-participants/gr8-pay-sia) |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
## Partners and safeguarding
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/gr8-pay-sia-pysilv22#overview-sources)
- **Safeguarding:** Segregated safeguarding accountsThe firm states that it holds the funds backing EUR.PA in segregated euro Parity Backing Accounts with regulated credit institutions, used only for that purpose. [gr8.money ↗](https://gr8.money/eur.pa/wp)
- **Crypto-asset custody:** Not disclosedThe firm issues EUR.PA, an ERC-20 euro e-money token on Ethereum, and says it offers no other crypto-asset activities. It keeps the backing funds in segregated accounts with credit institutions and any invested part with authorised custodians. [gr8.money ↗](https://gr8.money/eur.pa/wp)
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
## Products and markets
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/gr8-pay-sia-pysilv22#overview-sources)
- E-money wallet
- Domestic payments
- Stablecoin
- Crypto on- and off-ramp
Latvijas Banka licenses the firm to issue electronic money, execute credit transfers, direct debits and card payments, and issue payment instruments. It has published a white paper for EUR.PA, a euro e-money token on Ethereum that it offers to onboarded customers, including eligible institutions.
Latvijas Banka's register shows the firm's licence passported to 29 EEA states on a freedom-to-provide-services basis from 30 January 2026.
- **Sells to:** Financial institutions
- **Serves customers in 30 countries:** Latvia · Austria · Belgium · Bulgaria · Croatia · Cyprus · Czechia · Denmark · Estonia · Finland · France · Germany · Greece · Hungary · Iceland · Ireland · Italy · Liechtenstein · Lithuania · Luxembourg · Malta · Netherlands · Norway · Poland · Portugal · Romania · Slovakia · Slovenia · Spain · Sweden
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/gr8-pay-sia-pysilv22#overview-sources)
- **Executive:** Guntars Reidzāns Member of the management body Confirmed 21 Apr 2026 · [gr8.money ↗](https://gr8.money/eur.pa/wp)
- **Executive:** Dmitrijs Dmitrijevs Member of the management body Confirmed 21 Apr 2026 · [gr8.money ↗](https://gr8.money/eur.pa/wp)
- **Executive:** Bogdans Andruščenko Member of the management body Confirmed 21 Apr 2026 · [gr8.money ↗](https://gr8.money/eur.pa/wp)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/gr8-pay-sia-pysilv22#overview-sources)
1. Apr 2026
Other
The firm published a MiCA white paper for EUR PARITY (EUR.PA), a euro e-money token, with an offer start date of 21 April 2026.
[gr8.money ↗](https://gr8.money/eur.pa/wp)
2. Jan 2026
Licence
Latvijas Banka recorded the passporting of the firm's e-money licence to 29 EEA states from 30 January 2026.
[bank.lv ↗](https://www.bank.lv/en/financial-market-participant-register/market-participants/gr8-pay-sia)
3. Dec 2025
Licence
The Supervision Committee of Latvijas Banka issued the firm an electronic money institution operating licence on 10 December 2025.
[bank.lv ↗](https://www.bank.lv/en/news-and-events/news-and-articles/news/17425-latvijas-banka-is-issuing-an-electronic-money-institution-operating-licence-to-sia-gr8-pay)
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
## Identifiers
Head-office record
- **BIC:** PYSILV22XXX
- **How the BIC breaks down:** 1. PYSI Bank 2. LV Country · Latvia 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 6488GKH17O8XT1326F66
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/6488GKH17O8XT1326F66)
- **Licence no. · EBA-PSD2:** 50203643321
- **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file. Register entry: Matched by Elucidate to GLEIF on name and country only.
- **Register-entry ID:** 6cdda3fd3576
## Profile
- **Type:** Payments & e-money
- **Regulation:** Prudential licence
- **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/gr8-pay-sia-pysilv22#licences)
- **Activities:** - Payment services - E-money / stored value
- **Licensed in:** [Latvia](https://elucidate.co/directory/country/lv)
- **Country · region:** Latvia · Europe & Central Asia
- **Banking supervision:** Not on the ECB's list of supervised entities as of 2026-07-01
- **Trading venues (MIC):** No MIC registered under this LEI list of 2026-09-17
- **OFAC sanctions:** No listing cites this BIC
- **EU sanctions:** No listing matched this BIC or its LEI
- **Country sanctions:** No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
## Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
## Addresses
- **Registered address:** MALDUGUNU IELA 2 MARUPE, MARUPES NOV. RIGA LV-2167 LATVIA
- **Operational address:** MALDUGUNU IELA 2 MARUPE, MARUPES NOV. RIGA LV-2167 RIGA LATVIA
## ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- **Identified by:** BIC, with its LEI
- **Roles in CBPR+:** Any agent, including the instructing and instructed agents
### CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
```xml
PYSILV22XXX
6488GKH17O8XT1326F66
```
### Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
```xml
PYSILV22XXX
6488GKH17O8XT1326F66
GR8 PAY SIA
RIGA
LV
MALDUGUNU IELA 2 MARUPE, MARUPES NOV. RIGA LV-2167
```
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
## Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
| --- | --- | --- | --- |
| SEPA Credit TransferISO 20022 messages | 2026-07-06 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2026-07-06 | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
## Related institutions
### Other payments & e-money institutions in Latvia
- [Nodu Digital, SIA · trading as Nodu Digital No BIC Payments & e-money Crypto Prudential licence Latvia · Licensed by Latvijas Banks · 40203662782 (EBA-PSD2) · also on ESMA-CASP · LEI 98450065E59FDCD93R40](https://elucidate.co/directory/nodu-digital-sia-fe06da4397c1)
- [Sabiedrība ar ierobežotu atbildību "Mobilly" · trading as Mobilly No BIC Payments & e-money Prudential licence Latvia · Licensed by Latvijas Banks · 40003654405 (EBA-PSD2) · LEI 9845004LB4E5A8913C10](https://elucidate.co/directory/sabiedriba-ar-ierobezotu-atbildibu-mobilly-257e56c16156)
- ["Trek Technologies" SIA · trading as Backpack EU No BIC Payments & e-money Crypto Prudential licence Latvia · Licensed by Latvijas Banks · 40203613537 (EBA-PSD2) · also on ESMA-CASP · LEI 6488C2PNI17093U2YA18](https://elucidate.co/directory/trek-technologies-sia-ad66d6919973)
- [Ap Operations Sia BIC AOSALV22 Payments & e-money Prudential licence Latvia · Licensed by Latvijas Banks · 40203416512 (EBA-PSD2) · LEI 6488XKPG1589BQE68886](https://elucidate.co/directory/ap-operations-sia-aosalv22)
- [NorthernTech SIA No BIC Payments & e-money Prudential licence Latvia · Licensed by Latvijas Banks · 50203650291 (EBA-PSD2) · LEI 6488X6Z3MQQ09383HM60](https://elucidate.co/directory/northerntech-sia-56dafe69f71c)
- [Paybis Europa SIA · trading as Paybis Europa No BIC Payments & e-money Prudential licence Latvia · Licensed by Latvijas Banks · 40203730951 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/paybis-europa-sia-2b79541c7dca)
- [Sabiedrība ar ierobežotu atbildību "Transact Pro" · trading as Transact Pro No BIC Payments & e-money Prudential licence Latvia · Licensed by Latvijas Banks · 41503033127 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/sabiedriba-ar-ierobezotu-atbildibu-transact-pro-1e008e2b0acb)
- [Sia 'xpate' BIC SIAXLV22 Payments & e-money Prudential licence Latvia · Licensed by Latvijas Banks · 40203411426 (EBA-PSD2) · LEI 984500A663B1FTB0F017](https://elucidate.co/directory/sia-xpate-siaxlv22)
[See all →](https://elucidate.co/directory/search?type=payments&cc=LV)
Claim this profile
## Work at Gr8 Pay Sia?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
1. 01 **Submit** Tell us who you are, using your work email.
2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
[Read the methodology →](https://elucidate.co/directory/methodology)
Credits for this page
- **Payment schemes and systems**—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of TIPS participants and reachable parties.
- **EBA PSD2 Register**—European Banking Authority (EBA) · [register ↗](https://euclid.eba.europa.eu/register/pir/search) as at 25 September 2026
- **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
## Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
[Book a demo](https://elucidate.co/demo-request)
Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.