---
title: "Ips Solutions LTD SWIFT/BIC code IPSLCY22XXX · Cyprus | Elucidate"
description: "Licensed in Cyprus: Electronic money institution (Central Bank of Cyprus). SWIFT/BIC code IPSLCY22XXX for Ips Solutions LTD, Cyprus. Head-office BIC."
url: https://elucidate.co/directory/ips-solutions-ltd-ipslcy22
---

1.  [Directory](https://elucidate.co/directory)
2.  [Cyprus](https://elucidate.co/directory/country/cy)
3.  Ips Solutions LTD

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.

Register status

Licensed in Cyprus

Electronic money institution · Central Bank of Cyprus

Prudential licence

[1 licence or registration ↓](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#licences)

BIC **IPSLCY22XXX** LEI **[254900NS3R62OYIDKU37](https://search.gleif.org/#/record/254900NS3R62OYIDKU37)** [Licence no. **115.1.3.28**](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#claim)

## 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 Register](https://elucidate.co/directory/register/eba-psd2) Central Bank of Cyprus Linked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | 115.1.3.28 | [Cyprus](https://elucidate.co/directory/country/cy) | Active | 2018-12-21 | — | - Payment services - Card acquiring - E-money / stored value | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) |

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 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](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#overview-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 ↗](https://ips-ltd.eu/) [ecovoucher.net ↗](https://www.ecovoucher.net/) ecoVoucher brand site (trading name of the firm)
- **Official social accounts:** None found

Sources · 10 pages consulted

1.  [ips-ltd.eu/](https://ips-ltd.eu/)
2.  [ips-ltd.eu/privacy-policy/](https://ips-ltd.eu/privacy-policy/)
3.  [ecovoucher.net/it/policies-ips/terms-of-use-ips](https://www.ecovoucher.net/it/policies-ips/terms-of-use-ips)
4.  [fi.ee/en/payment-services/e-money-institutions/providers-cross-border-e-money-services/ips-solu](https://www.fi.ee/en/payment-services/e-money-institutions/providers-cross-border-e-money-services/ips-solutions-ltd-payz)
5.  [uzraudziba.bank.lv/en/market/payment-service-providers/electronic-money-institutions/service-providers-from-](https://uzraudziba.bank.lv/en/market/payment-service-providers/electronic-money-institutions/service-providers-from-the-eea/freedom-to-provide-services/ips-solutions-ltd/)
6.  [bportugal.pt/en/entidadeautorizada/ips-solutions-ltd](https://www.bportugal.pt/en/entidadeautorizada/ips-solutions-ltd)
7.  [bde.es/webbe/en/estadisticas/otras-clasificaciones/clasificacion-entidades/listas-instituciones-](https://www.bde.es/webbe/en/estadisticas/otras-clasificaciones/clasificacion-entidades/listas-instituciones-financieras/listas-instituciones-relevantes-estadisticas-pago-pais/lista-psri-cy.csv)
8.  [payz.com/wp-content/uploads/2023/10/Fee-Information-Document.pdf](https://payz.com/wp-content/uploads/2023/10/Fee-Information-Document.pdf)
9.  [payz.com/](https://payz.com/)
10.  [payz.com/policies-ips/terms-of-use-ips](https://payz.com/policies-ips/terms-of-use-ips)

## Authorisation

Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#overview-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 ↗](https://uzraudziba.bank.lv/en/market/payment-service-providers/electronic-money-institutions/service-providers-from-the-eea/freedom-to-provide-services/ips-solutions-ltd/) |
| 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 ↗](https://www.bportugal.pt/en/entidadeautorizada/ips-solutions-ltd) |
| Finantsinspektsioon (Estonian Financial Supervision Authority, host-state notification) Estonia | Provider of cross-border e-money services | — | In its own name | Active | [fi.ee ↗](https://www.fi.ee/en/payment-services/e-money-institutions/providers-cross-border-e-money-services/ips-solutions-ltd-payz) |

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](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#overview-sources)

-   E-money wallet
-   Prepaid cards

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](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#overview-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:** 1. IPSL Bank 2. CY Country · Cyprus 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 254900NS3R62OYIDKU37
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/254900NS3R62OYIDKU37)
- **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-money
- **Regulation:** Prudential licence
- **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/ips-solutions-ltd-ipslcy22#licences)
- **Activities:** - Payment services - Card acquiring - E-money / stored value
- **Licensed in:** [Cyprus](https://elucidate.co/directory/country/cy)
- **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

```xml
<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

```xml
<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.

## Related institutions

### Other payments & e-money institutions in Cyprus

-   [Xryma PLC BIC ISEMCY22 Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.3.17 (EBA-PSD2) · LEI 213800NGHVYL5PFZI692](https://elucidate.co/directory/xryma-plc-isemcy22)
-   [Moneygate Solutions Limited BIC MNGTCY2N Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.3.46 (EBA-PSD2) · LEI 984500C98ZD3A9O6CE76](https://elucidate.co/directory/moneygate-solutions-limited-mngtcy2n)
-   [Ecommbx Limited BIC ECBXCY2N Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.3.20 (EBA-PSD2) · LEI 529900AWH3J6H31CFI88](https://elucidate.co/directory/ecommbx-limited-ecbxcy2n)
-   [Hapic LTD BIC HAPCCY22 Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.3.68 (EBA-PSD2) · LEI 98450044BOB0E645AD66](https://elucidate.co/directory/hapic-ltd-hapccy22)
-   [Intraclear Limited BIC ITRACY2L Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.2.35 (EBA-PSD2) · LEI 984500F776NEBD7D6538](https://elucidate.co/directory/intraclear-limited-itracy2l)
-   [Sepaga E.M.I. LTD BIC SEPMCY2N Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.3.18 (EBA-PSD2) · LEI 213800K38VRJZ5UZYP24](https://elucidate.co/directory/sepaga-e-m-i-ltd-sepmcy2n)
-   [Aeon Payment Technologies Limited BIC AEPTCY22 Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.2.39 (EBA-PSD2) · LEI 21380027R6KMKXGKN581](https://elucidate.co/directory/aeon-payment-technologies-limited-aeptcy22)
-   [Altery Eu Ltd. BIC HEDOCY22 Payments & e-money Prudential licence Cyprus · Licensed by Central Bank of Cyprus · 115.1.3.61 (EBA-PSD2) · LEI 5299007WAAJHEDAN4B36](https://elucidate.co/directory/altery-eu-ltd-hedocy22)

[See all →](https://elucidate.co/directory/search?type=payments&cc=CY)

Claim this profile

## Work at Ips Solutions LTD?

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

-   **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.

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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.