--- title: "ЮтеПей България ЕООД | IutePay Bulgaria EOOD · Electronic money institution (Bulgarian National Bank) · Bulgaria | Elucidate" description: "ЮтеПей България ЕООД | IutePay Bulgaria EOOD is authorised by Bulgarian National Bank as an electronic money institution in Bulgaria. Licence 204903721. Register status, licences, activities and ownership." url: https://elucidate.co/directory/iutepay-bulgaria-eood-71ba02009e84 --- 1. [Directory](https://elucidate.co/directory) 2. [Bulgaria](https://elucidate.co/directory/country/bg) 3. ЮтеПей България ЕООД | IutePay Bulgaria EOOD 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. Register status Licensed in Bulgaria Electronic money institution · Bulgarian National Bank Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/iutepay-bulgaria-eood-71ba02009e84#licences) BIC **No BIC** LEI **No LEI mapped** [Licence no. **204903721**](https://elucidate.co/directory/iutepay-bulgaria-eood-71ba02009e84#licences) ## 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 Register](https://elucidate.co/directory/register/eba-psd2) Bulgarian National Bank | Electronic money institutionE-Money / Stored Value Institution | 204903721 | [Bulgaria](https://elucidate.co/directory/country/bg) | Active | 2024-12-19 | — | - Payment services - E-money / stored value | [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. No LEI is matched to this entry, and BICs are linked by LEI only. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/iutepay-bulgaria-eood-71ba02009e84#overview-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 ↗](https://iute.bg/) - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/iute-credit-bulgaria/) · [Facebook ↗](https://www.facebook.com/iuteBulgaria) · [Instagram ↗](https://www.instagram.com/iutebulgaria/) - **Apps:** [App Store ↗](https://apps.apple.com/ee/app/myiute-bulgaria/id1566319208) · [Google Play ↗](https://play.google.com/store/apps/details?id=com.iutecredit.myiute.bulgaria) Sources · 10 pages consulted 1. [iute.bg/wp-content/uploads/2026/01/08-01-2026\_gtc-bg\_ipbg.pdf](https://iute.bg/wp-content/uploads/2026/01/08-01-2026_gtc-bg_ipbg.pdf) 2. [iute.com/wp-content/uploads/2022/08/IutePay-Bulgaria-EOOD-Bulgaria.pdf](https://iute.com/wp-content/uploads/2022/08/IutePay-Bulgaria-EOOD-Bulgaria.pdf) 3. [iute.bg/documents/iutepay-documents/](https://iute.bg/documents/iutepay-documents/) 4. [iute.bg/kontakti/](https://iute.bg/kontakti/) 5. [iute.com/iute-has-been-successfully-certified-for-sepa-payments/](https://iute.com/iute-has-been-successfully-certified-for-sepa-payments/) 6. [iute.com/iute-expands-service-offering-receiving-electronic-money-institution-license-in-bulgaria/](https://iute.com/iute-expands-service-offering-receiving-electronic-money-institution-license-in-bulgaria/) 7. [banker.bg/2024/12/20/yutepei-liczenz-druzhestvo-za-elektronni-pari/](https://banker.bg/2024/12/20/yutepei-liczenz-druzhestvo-za-elektronni-pari/) 8. [iute.com/iute-news/](https://iute.com/iute-news/) 9. [iute.com/iute-group-reports-unaudited-results-for-6m-2026/](https://iute.com/iute-group-reports-unaudited-results-for-6m-2026/) 10. [iute.bg/imp%D0%BErtant\_messages/](https://iute.bg/imp%D0%BErtant_messages/) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/iutepay-bulgaria-eood-71ba02009e84#overview-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 ↗](https://iute.bg/wp-content/uploads/2026/01/08-01-2026_gtc-bg_ipbg.pdf) | 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/iutepay-bulgaria-eood-71ba02009e84#overview-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. [iute.bg ↗](https://iute.bg/wp-content/uploads/2026/01/08-01-2026_gtc-bg_ipbg.pdf) - **Payment schemes and card networks:** BISERA (BORICA euro payment system) Direct [iute.com ↗](https://iute.com/iute-has-been-successfully-certified-for-sepa-payments/) SEPA Credit Transfer Access not stated [iute.bg ↗](https://iute.bg/wp-content/uploads/2026/01/08-01-2026_gtc-bg_ipbg.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/iutepay-bulgaria-eood-71ba02009e84#overview-sources) - E-money wallet - Domestic payments 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](https://elucidate.co/directory/iutepay-bulgaria-eood-71ba02009e84#overview-sources) - **Chief executive:** Elmaz Ismail Chief Executive Officer Confirmed 27 Aug 2025 · [iute.com ↗](https://iute.com/iute-has-been-successfully-certified-for-sepa-payments/) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/iutepay-bulgaria-eood-71ba02009e84#overview-sources) 1. Aug 2025 Other Iute Group announced that the firm was certified to send and receive SEPA payments within the BISERA system operated by BORICA. [iute.com ↗](https://iute.com/iute-has-been-successfully-certified-for-sepa-payments/) 2. Dec 2024 Licence The Governing Council of the BNB granted the firm a licence to operate as an electronic money institution. [banker.bg ↗](https://banker.bg/2024/12/20/yutepei-liczenz-druzhestvo-za-elektronni-pari/) 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-money - **Regulation:** Prudential licence - **Main licence class:** E-Money / Stored Value Institution - **Activities:** - Payment services - E-money / stored value - **Licensed in:** [Bulgaria](https://elucidate.co/directory/country/bg) · 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 ```xml ЮтеПей България ЕООД | IutePay Bulgaria EOOD 1505 Sofia BG 38 Cherkovna str., Oborishte dist. fl. 1, ofice 4 ``` - 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. ## Related institutions ### Other payments & e-money institutions in Bulgaria - [Borica Ad BIC BSBGBGSF Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 201230426 (EBA-PSD2) · LEI 485100W9O3MXIP9PCS03](https://elucidate.co/directory/borica-ad-bsbgbgsf) - [Датекс Пеймънт Технолоджи ЕАД | Datecs Payment Technology EAD No BIC Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 204654634 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/datecs-payment-technology-ead-cd57745e50a1) - [Изи Пеймънт Сървисиз ООД | Easy Payment Services OOD No BIC Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 204112059 (EBA-PSD2) · LEI 9845002E8E5E888DEO35](https://elucidate.co/directory/easy-payment-services-ood-e92f76dcf669) - [Изипей АД | EasyPay AD No BIC Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 131344648 (EBA-PSD2) · LEI 984500AFDAJDB6D65A80](https://elucidate.co/directory/easypay-ad-d655f953d5cb) - [Econt Financial Services LTD BIC ECFEBG22 Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 205968825 (EBA-PSD2) · LEI 984500CD4663A969J318](https://elucidate.co/directory/econt-financial-services-ltd-ecfebg22) - [Icard Ad BIC INTFBGSF Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 175325806 (EBA-PSD2) · LEI 529900T17H7IA9SJUK38](https://elucidate.co/directory/icard-ad-intfbgsf) - [Айрис Солюшънс АД | Iris Solutions AD No BIC Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 208455895 (EBA-PSD2) · LEI 98450097DE0601E7DQ96](https://elucidate.co/directory/iris-solutions-ad-cd281a0368ef) - [Монесо ЕООД | Monesso EOOD No BIC Payments & e-money Prudential licence Bulgaria · Licensed by Bulgarian National Bank · 208392473 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/monesso-eood-4e24d5f276e2) [See all →](https://elucidate.co/directory/search?type=payments&cc=BG) [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 - **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.