Cyprus · Payments & e-money
Hapic LTD
HAPIC LTD is a private company incorporated in Cyprus in August 2022 and based in Germasogeia, Limassol. The Central Bank of Cyprus authorises it as an electronic money institution under licence number 115.1.3.68, granted in February 2025. It offers business accounts with a dedicated IBAN, SEPA and international transfers and currency exchange to small and medium-sized enterprises. It says it serves these businesses across the EU and EEA. The firm does not publish its ownership.
Licences and registrations
Held by Hapic LTD (LEI 98450044BOB0E645AD66). 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 RegisterCentral Bank of CyprusLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | 115.1.3.68 | Cyprus | Active | 2025-02-13 | — |
|
Search the register ↗ |
- 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
- HAPCCY22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of HAPCCY22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · VOP
- Branch codes
- 1 branch code
- BIC first registered
- 2025-04-05
- Last updated
- 2025-04-05
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Not published
Firm type
E-money and accounts
Trades as Hapic
- Head office
- 2 Kalliopis Street, Germasogeia, 4040 Limassol, Cyprus
- Company register
- Cyprus Registrar of Companies HE437449
- Incorporated
- 11 Aug 2022
Online
- Websites & references
- hapic.com ↗
ib.hapic.com ↗ online banking login - Official social accounts
- LinkedIn ↗
Sources · 9 pages consulted
- hapic.com/
- hapic.com/regulation
- hapic.com/legal-imprint
- hapic.com/services
- hapic.com/business-account
- hapic.com/about-us
- geniusto.com/bright-beginnings-hapic-launches-with-geniusto-go-suite-to-power-sme-banking-in-cyprus/
- qubevents.com/22nd-npf
- centralbank.cy/en/licensing-supervision/payment-institutions-and-electronic-money-institutions/registers
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Central Bank of Cyprus authorises the firm as an electronic money institution under licence number 115.1.3.68. The EBA register lists payment services, card acquiring and e-money issuance as its activities.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of Cyprus Cyprus | Electronic Money Institution | 115.1.3.68 | In its own name | Active | hapic.com ↗ |
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
- Safeguarding
- Segregated safeguarding accountsThe firm says it keeps client funds in safeguarding accounts to meet regulatory requirements. It does not name the safeguarding bank.
- Payment schemes and card networks
- SEPA Credit Transfer Access not stated hapic.com ↗
SEPA Instant Credit Transfer Access not stated hapic.com ↗
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
It offers small and medium-sized enterprises business accounts with a dedicated IBAN, SEPA credit and instant transfers, international payments and currency exchange. Accounts are in EUR, and the firm says USD, GBP and CHF are coming soon.
The firm says it provides payment and e-money services to SMEs across the EU and EEA from Cyprus under its Central Bank of Cyprus licence.
- Sells to
- Small businesses
- Serves customers in
- Cyprus
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Igor Ustinov CEO
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm went live with the Geniusto [GO] Suite as its core platform, according to a press release from Geniusto.
geniusto.com ↗ -
Licence
The Central Bank of Cyprus authorised the firm as an electronic money institution under licence number 115.1.3.68.
hapic.com ↗
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
- HAPCCY22XXX
- How the BIC breaks down
- HAPCBank
- CYCountry · Cyprus
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 98450044BOB0E645AD66
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 115.1.3.68
- 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, country and address.
- Register-entry ID
- 395b10d0939e
- National bank code
- Bank identifier 920
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Cyprus
- Country · region
- Cyprus · 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
- N/ A N/ A FLOOR 1 2 KALLIOPIS 2 GERMASOGEIA LIMASSOL 4040 CYPRUS
- Operational address
- 2 KALLIOPIS 2 GERMASOGEIA N/ A FLOOR 1 LIMASSOL 4040 LIMASSOL CYPRUS
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
<FinInstnId>
<BICFI>HAPCCY22XXX</BICFI>
<LEI>98450044BOB0E645AD66</LEI>
</FinInstnId>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
<FinInstnId>
<BICFI>HAPCCY22XXX</BICFI>
<LEI>98450044BOB0E645AD66</LEI>
<Nm>HAPIC LTD</Nm>
<PstlAdr>
<TwnNm>LIMASSOL</TwnNm>
<Ctry>CY</Ctry>
<AdrLine>N/ A N/ A FLOOR 1 2 KALLIOPIS 2 GERMASOGEIA LIMASSOL 4040</AdrLine>
</PstlAdr>
</FinInstnId>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 | 2025-05-05 | Head office | — |
| Verification of Payee | 2025-10-09 | Head office | — |
SEPA dates are when the institution became ready for the scheme.
An institution missing from T2 may still be reachable through an indirect participant.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Bank identifier · Cyprus
1 code file of 2026-09
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| 920 | HAPCCY22 | HAPIC LTD |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| HAPCCY22TGT | PARTICIPATION FOR TGT2 | Limassol | 2 KALLIOPIS 2 GERMASOGEIA N/ A FLOOR 1 LIMASSOL 4040 LIMASSOL CYPRUS | — | 2025-09-06 |
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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 →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate.
- National bank codes—Cyprus (Source: Central Bank of Cyprus).
- EBA PSD2 Register—European Banking Authority (EBA) · register ↗ 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.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: hapic.com (official website) · original.
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