--- title: "Iot4pay S.r.l · Payment institution (Bank of Italy) · Italy | Elucidate" description: "Iot4pay S.r.l is authorised by Bank of Italy as a payment institution in Italy. Licence 18154321006. LEI 8156005B7D2659B7D429. Register status, licences, activities and ownership." url: https://elucidate.co/directory/iot4pay-s-r-l-5a25669c493e --- 1. [Directory](https://elucidate.co/directory) 2. [Italy](https://elucidate.co/directory/country/it) 3. Iot4pay S.r.l Italy · Payments & e-money # Iot4pay S.r.l Legal name in the LEI record IOT4PAY S.R.L. IoT4Pay S.r.l. is an Italian limited liability company (società a responsabilità limitata) based in Rome. The Bank of Italy authorises it as a payment institution, entered in its register under no. 112, for cash deposits to payment accounts and the execution of payment transactions. It states that it belongs to the Green Arrow Capital group, and its LEI record names Green Arrow Capital S.p.A. Società Benefit as its parent. Its service, cashNOW, lets merchants deposit cash into smart safes and receive the value on a dedicated euro payment account. Register status Licensed in Italy Payment institution · Bank of Italy Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/iot4pay-s-r-l-5a25669c493e#licences) BIC **No BIC** LEI **[8156005B7D2659B7D429](https://search.gleif.org/#/record/8156005B7D2659B7D429)** [Licence no. **18154321006**](https://elucidate.co/directory/iot4pay-s-r-l-5a25669c493e#licences) ## Licences and registrations Held by Iot4pay S.r.l (LEI 8156005B7D2659B7D429). 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) Bank of Italy | Payment institutionPayment Institution | 18154321006 | [Italy](https://elucidate.co/directory/country/it) | Active | 2025-12-31 | — | - Payment services | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | - 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. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/iot4pay-s-r-l-5a25669c493e#overview-sources) Customers Not published Employees Not published Ownership Group subsidiary GREEN ARROW CAPITAL S.P.A. SOCIETA' BENEFIT Firm type E-money and accounts Trades as IoT4Pay - **Standing:** The Bank of Italy entered the firm in its register of payment institutions, and the EBA register shows it active from 31 December 2025. The firm's contracts say they take effect only once it notifies the Bank of Italy that operations have started. No such notice was found. - **Ownership:** The firm states that it is part of the Green Arrow Capital group, and its LEI record names Green Arrow Capital S.p.A. Società Benefit as its direct and ultimate accounting parent. - **Direct parent:** [GREEN ARROW CAPITAL S.P.A. SOCIETA' BENEFIT ↗](https://search.gleif.org/#/record/8945009CVXWKWCWQKS60), Italy - **Head office:** Via Parigi 11, 00185 Roma, Italy - **Company register:** Registro delle imprese di Roma 18154321006 - **Incorporated:** 2025 ### Online - **Websites & references:** [iot4pay.com ↗](https://www.iot4pay.com/) - **Official social accounts:** None found Sources · 6 pages consulted 1. [iot4pay.com/](https://www.iot4pay.com/) 2. [iot4pay.com/chi-siamo/](https://www.iot4pay.com/chi-siamo/) 3. [iot4pay.com/sitounico/trasparenza-3/](https://iot4pay.com/sitounico/trasparenza-3/) 4. [iot4pay.com/wp-content/uploads/2026/01/Fac%20-%20simile\_Contratto%20Quadro%20Conto%20di%20Pagamento%2](https://www.iot4pay.com/wp-content/uploads/2026/01/Fac%20-%20simile_Contratto%20Quadro%20Conto%20di%20Pagamento%20Merchant.pdf) 5. [iot4pay.com/wp-content/uploads/2026/01/Fac%20-%20simile\_All.%20B\_Foglio%20Informativo%20Merchant.pdf](https://www.iot4pay.com/wp-content/uploads/2026/01/Fac%20-%20simile_All.%20B_Foglio%20Informativo%20Merchant.pdf) 6. [lei.bloomberg.com/leis/view/8156005B7D2659B7D429](https://lei.bloomberg.com/leis/view/8156005B7D2659B7D429) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/iot4pay-s-r-l-5a25669c493e#overview-sources) - **Operates under:** Its own licences The Bank of Italy authorises the firm as a payment institution under article 1(2)(h-septies.1), points 1 and 3, of the Consolidated Banking Act (Legislative Decree 385/1993). These points cover cash placement on a payment account and the execution of payment transactions. It appears in the Bank of Italy register of payment institutions under no. 112, and in the EBA payment institutions register under national identifier 18154321006. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Bank of Italy (Banca d'Italia) Italy | Istituto di pagamento (Albo degli Istituti di Pagamento, art. 114-septies TUB) | 112 | In its own name | Active | [iot4pay.com ↗](https://www.iot4pay.com/chi-siamo/) | 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/iot4pay-s-r-l-5a25669c493e#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that customer funds are held in segregated accounts at Italian banks, separate from its own assets. The banks are not named. The funds cannot be claimed by the firm's creditors or by creditors of the depositary bank. [iot4pay.com ↗](https://www.iot4pay.com/wp-content/uploads/2026/01/Fac%20-%20simile_All.%20B_Foglio%20Informativo%20Merchant.pdf) - **Payment schemes and card networks:** SEPA Instant Credit Transfer Access not stated [iot4pay.com ↗](https://www.iot4pay.com/wp-content/uploads/2026/01/Fac%20-%20simile_All.%20B_Foglio%20Informativo%20Merchant.pdf) 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/iot4pay-s-r-l-5a25669c493e#overview-sources) - Domestic payments Its cashNOW service lets merchants deposit takings into smart safes near their premises. The value is credited as an advance to a dedicated euro payment account and swept automatically to the merchant's bank account the next business day. The firm describes its service as aimed at merchants in Italy. No passporting to other EEA states was found. - **Sells to:** Small businesses · Enterprises - **Serves customers in:** Italy ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/iot4pay-s-r-l-5a25669c493e#overview-sources) 1. Dec 2025 Licence The Bank of Italy authorised the firm as a payment institution, and the EBA register shows it active from 31 December 2025. [iot4pay.com ↗](https://www.iot4pay.com/chi-siamo/) 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 - **Licence no. · EBA-PSD2:** 18154321006 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [8156005B7D2659B7D429 ↗](https://search.gleif.org/#/record/8156005B7D2659B7D429) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name, country and address - **Elucidate firm ID:** 5a25669c493e ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Payment services - **Licensed in:** [Italy](https://elucidate.co/directory/country/it) · Europe & Central Asia - **First registered:** 2025-12-31 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 - **Direct parent:** Green Arrow Capital S.P.A. Societa' Benefit · Italy[8945009CVXWKWCWQKS60 ↗](https://search.gleif.org/#/record/8945009CVXWKWCWQKS60) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Address on the register:** VIA PARIGI 11, CAP 00185, ROMA (RM), ROMA, 00185 - **Country:** Italy ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 8156005B7D2659B7D429 IOT4PAY S.R.L 00185 ROMA IT VIA PARIGI 11, CAP 00185, ROMA (RM) ``` - The address line repeats the town or postcode. Remove the repeat if your payment system rejects it. CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. Check them against your own records before use. ## Related institutions ### Other payments & e-money institutions in Italy - [Buffetti Finance S.P.A. BIC SEPFIT31 Payments & e-money Prudential licence Italy · Licensed by Bank of Italy · 07783020725 (EBA-PSD2) · LEI 9845001Y5046DZ9Q8315](https://elucidate.co/directory/buffetti-finance-s-p-a-sepfit31) - [Fabrick S.P.A. BIC AXEVIT22 Payments & e-money Prudential licence Italy · Licensed by Bank of Italy · 02654890025 (EBA-PSD2) · LEI 815600E1EFC5260F4726](https://elucidate.co/directory/fabrick-s-p-a-axevit22) - [Hercle S.r.l. · trading as Hercle No BIC Payments & e-money Crypto Prudential licence Italy · Licensed by Bank of Italy · 10942550962 (EBA-PSD2) · also on ESMA-CASP · LEI 984500AEBA8A0HQ44988](https://elucidate.co/directory/hercle-s-r-l-406208777a1f) - [Monetic S.P.A. BIC MOECITR2 Payments & e-money Prudential licence Italy · Licensed by Bank of Italy · 17934661004 (EBA-PSD2) · LEI 815600944FCC95982179](https://elucidate.co/directory/monetic-s-p-a-moecitr2) - [Tppay S.R.L. BIC TPPAITM2 Payments & e-money Prudential licence Italy · Licensed by Bank of Italy · 12511320967 (EBA-PSD2) · LEI 815600001A6487168E37](https://elucidate.co/directory/tppay-s-r-l-tppaitm2) - [Xoldy S.P.A. BIC XOLDITM2 Payments & e-money Prudential licence Italy · Licensed by Bank of Italy · 11932890962 (EBA-PSD2) · LEI 81560016DF740E487C02](https://elucidate.co/directory/xoldy-s-p-a-xolditm2) - [Zpay Srl BIC ZPAYIT22 Payments & e-money Prudential licence Italy · Licensed by Bank of Italy · 11865370966 (EBA-PSD2) · LEI 9845005BDVBFIA9EC546](https://elucidate.co/directory/zpay-srl-zpayit22) - [Admiral Pay Istituto DI Pagamento - Società A Responsabilità Limitata · trading as ADMIRAL PAY IP SRL No BIC Payments & e-money Prudential licence Italy · Licensed by Bank of Italy · 04335420404 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/admiral-pay-istituto-di-pagamento-societa-a-responsabilita-limitata-efac103ac4ba) [See all →](https://elucidate.co/directory/search?type=payments&cc=IT) [Other entries on EBA-PSD2 →](https://elucidate.co/directory/register/eba-psd2) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. 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) Register for this page - **EBA PSD2 Register**—European Banking Authority (EBA) · [source ↗](https://euclid.eba.europa.eu/register/pir/search) as at 25 September 2026 - **Ownership and group**—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI. - **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 licence A licence records what an institution is authorised to do; 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 and payment institutions. [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.