Cyprus · Payments & e-money
Ips Solutions LTD
IPS Solutions Ltd is a private limited company incorporated in Cyprus under registration number HE346719, with its office in Nicosia. The Central Bank of Cyprus (CBC) authorises it as an electronic money institution under licence number 115.1.3.28. It uses ecoVoucher as a trading name for prepaid e-money vouchers. These are sold through contracted distributors and accepted by participating merchants. A Payz fee information document dated 6 December 2022 names the firm as the account provider for Payz accounts. The current payz.com site names PSI-Pay Ltd of the UK as the provider of Payz.
Licences and registrations
Held by Ips Solutions LTD (LEI 254900NS3R62OYIDKU37). 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 | 115.1.3.28 | Cyprus | Active | 2018-12-21 | — |
|
Search the register ↗ |
Trading names on the register: IPS Solutions Ltd (operating under the Trademark 'Payz') (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
- IPSLCY22XXX 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 IPSLCY22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2023-12-02
- Last updated
- 2023-12-02
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Not published
Firm type
E-money and accounts
Trades as ecoVoucher
- Head office
- Athalassis 62, Office 101, Strovolos, 2023 Nicosia, Cyprus
- Company register
- Cyprus Registrar of Companies HE346719
Online
- Websites & references
- ips-ltd.eu ↗
ecovoucher.net ↗ ecoVoucher brand site (trading name of the firm) - Official social accounts
- None found
Sources · 10 pages consulted
- ips-ltd.eu/
- ips-ltd.eu/privacy-policy/
- ecovoucher.net/it/policies-ips/terms-of-use-ips
- fi.ee/en/payment-services/e-money-institutions/providers-cross-border-e-money-services/ips-solu
- uzraudziba.bank.lv/en/market/payment-service-providers/electronic-money-institutions/service-providers-from-
- bportugal.pt/en/entidadeautorizada/ips-solutions-ltd
- bde.es/webbe/en/estadisticas/otras-clasificaciones/clasificacion-entidades/listas-instituciones-
- payz.com/wp-content/uploads/2023/10/Fee-Information-Document.pdf
- payz.com/
- payz.com/policies-ips/terms-of-use-ips
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 115.1.3.28, granted on 21 December 2018. It provides services in other EEA states under the EU freedom to provide services. The Latvian, Portuguese and Estonian registers list it.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of Cyprus Cyprus | Electronic money institution | 115.1.3.28 | In its own name | Active | — |
| Financial and Capital Market Commission / Latvijas Banka (host-state notification) Latvia | EEA electronic money institution – freedom to provide services | — | In its own name | Active | uzraudziba.bank.lv ↗ |
| Banco de Portugal (host-state notification) Portugal | Electronic money institution with head office in the EU – free provision of services in PT | 7827 | In its own name | Active | bportugal.pt ↗ |
| Finantsinspektsioon (Estonian Financial Supervision Authority, host-state notification) Estonia | Provider of cross-border e-money services | — | In its own name | Active | fi.ee ↗ |
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.
Products and markets
Researched 29 Sep 2026 · Sources
The firm issues ecoVoucher prepaid e-money vouchers, which contracted distributors sell and participating merchants accept for online payments. A 2022 fee document also names it as provider of Payz e-money accounts and cards.
The firm operates under its Cypriot licence, and the Estonian, Latvian and Portuguese regulators list it as providing e-money services in their countries on a cross-border basis.
- Sells to
- Consumers · Enterprises
- Serves customers in 4 countries
- Cyprus · Estonia · Latvia · Portugal
Recent events
Researched 29 Sep 2026 · Sources
The research found no fines, investigations, security incidents, licence changes or corporate events from the last three years.
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
- IPSLCY22XXX
- How the BIC breaks down
- IPSLBank
- CYCountry · Cyprus
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900NS3R62OYIDKU37
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 115.1.3.28
- 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
- 5489abf5004c
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
- 73 METOCHIOU NICOSIA (LEFKOSIA) 2407 CYPRUS
- Operational address
- 73 METOCHIOU NICOSIA (LEFKOSIA) 2407 NICOSIA (LEFKOSIA) 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>IPSLCY22XXX</BICFI>
<LEI>254900NS3R62OYIDKU37</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>IPSLCY22XXX</BICFI>
<LEI>254900NS3R62OYIDKU37</LEI>
<Nm>IPS SOLUTIONS LTD</Nm>
<PstlAdr>
<TwnNm>NICOSIA LEFKOSIA</TwnNm>
<Ctry>CY</Ctry>
<AdrLine>73 METOCHIOU NICOSIA (LEFKOSIA) 2407</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.
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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
- 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.
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