Bulgaria · Payments & e-money
ЮтеПей България ЕООД | IutePay Bulgaria EOOD
IutePay Bulgaria EOOD is a single-member limited liability company based in Sofia. The Bulgarian National Bank (BNB) authorises it as an electronic money institution under a licence issued on 19 December 2024. Its sole owner is Iute Group AS of Tallinn, Estonia. Through the Myiute app it offers individuals e-money payment accounts with Bulgarian IBANs, euro credit transfers and direct debits. Customers can also pay in and withdraw cash through registered agents.
Licences and registrations
Held by ЮтеПей България ЕООД | IutePay Bulgaria EOOD. 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 RegisterBulgarian National Bank | Electronic money institutionE-Money / Stored Value Institution | 204903721 | Bulgaria | Active | 2024-12-19 | — |
|
Search the register ↗ |
- 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. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
100% Iute Group AS
Firm type
E-money and accounts
Trades as iute / IutePay (Myiute app)
- Ownership
- Iute Group AS (Estonian registry code 11551447, formerly AS IuteCredit Europe) holds 100% of the firm.
- Direct parent
- Iute Group AS, Estonia 100%
- Head office
- 38 Cherkovna Str., fl. 1, office 4, 1505 Sofia, Bulgaria
- Company register
- Bulgarian Commercial Register (Registry Agency) UIC 204903721
- Incorporated
- 12 Dec 2017
- Name in the local language
- ЮтеПей България ЕООД
Online
- Websites & references
- iute.bg ↗
- Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 10 pages consulted
- iute.bg/wp-content/uploads/2026/01/08-01-2026_gtc-bg_ipbg.pdf
- iute.com/wp-content/uploads/2022/08/IutePay-Bulgaria-EOOD-Bulgaria.pdf
- iute.bg/documents/iutepay-documents/
- iute.bg/kontakti/
- iute.com/iute-has-been-successfully-certified-for-sepa-payments/
- iute.com/iute-expands-service-offering-receiving-electronic-money-institution-license-in-bulgaria/
- banker.bg/2024/12/20/yutepei-liczenz-druzhestvo-za-elektronni-pari/
- iute.com/iute-news/
- iute.com/iute-group-reports-unaudited-results-for-6m-2026/
- iute.bg/imp%D0%BErtant_messages/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The BNB authorises the firm as an electronic money institution (licence decision No. 619 of 19 December 2024). The licence also covers payment services under Art. 4(1)-(3) of the Bulgarian Payment Services and Payment Systems Act. It offers cash services through agents entered in the BNB register under Art. 19 of that Act.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Bulgarian National Bank Bulgaria | Licence to operate as an electronic money institution (BNB decision No. 619/19.12.2024) | 204903721 | In its own name | Active | iute.bg ↗ |
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 states that it holds customer funds received for e-money issuance in a protected account under Art. 23 of the Payment Services and Payment Systems Act, at a bank based in Bulgaria.
- Payment schemes and card networks
- BISERA (BORICA euro payment system) Direct iute.com ↗
SEPA Credit Transfer Access not stated iute.bg ↗
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 euro-only payment accounts in the Myiute app. The accounts support SEPA credit transfers, direct debits (including loan repayments to IuteCredit Bulgaria) and cash deposits and withdrawals at agents.
It serves customers in Bulgaria through the Myiute app and the iute.bg website.
- Sells to
- Consumers
- Serves customers in
- Bulgaria
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Elmaz Ismail Chief Executive Officer
Recent events
Researched 29 Sep 2026 · Sources
-
Other
Iute Group announced that the firm was certified to send and receive SEPA payments within the BISERA system operated by BORICA.
iute.com ↗ -
Licence
The Governing Council of the BNB granted the firm a licence to operate as an electronic money institution.
banker.bg ↗
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
- 204903721
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- 71ba02009e84
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.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- Payment services
- E-money / stored value
- Licensed in
- Bulgaria · Europe & Central Asia
- First registered
- 2024-12-19
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
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- 38 Cherkovna str., Oborishte dist., fl. 1, ofice 4, Sofia, 1505
- Country
- Bulgaria
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. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>ЮтеПей България ЕООД | IutePay Bulgaria EOOD</Nm>
<PstlAdr>
<PstCd>1505</PstCd>
<TwnNm>Sofia</TwnNm>
<Ctry>BG</Ctry>
<AdrLine>38 Cherkovna str., Oborishte dist.</AdrLine>
<AdrLine>fl. 1, ofice 4</AdrLine>
</PstlAdr>
</FinInstnId>- CBPR+ does not accept the characters Ю т е П й Б ъ л г а р и я Е О Д in names and addresses. Transliterate before sending.
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.
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 →Register for this page
- EBA PSD2 Register—European Banking Authority (EBA) · source ↗ 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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A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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