United Kingdom · Payments & e-money
Maayan Payments LTD
Maayan Payments Ltd is a private limited company incorporated in England and Wales on 8 April 2020, with its registered office in Woodford Green. The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011, with firm reference number 927556. According to Companies House, two individuals, Alexander Barenboym and Chavdar Stoyanov, control the firm through their shareholdings. Trading as Maayan, formerly M-Pay, it offers card acquiring, multi-currency accounts with IBANs, transfers, FX and payouts, mainly to online businesses. It describes itself as a principal member of Visa and Mastercard.
Licences and registrations
Held by Maayan Payments LTD (LEI 984500A41B6C02BEE685). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 927556 | United Kingdom | Active | 2021-05-28 | — |
|
Search the register ↗ |
Trading names on the register: Maayan (FCA-EMI)
- 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
- MYPAGB22XXX 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 MYPAGB22 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
- 2021-09-11
- Last updated
- 2021-09-11
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
Merchant acquiring and processing
Trades as Maayan
- Ownership
- According to Companies House, Alexander Barenboym holds more than 50% but less than 75% of the shares and Chavdar Stoyanov holds more than 25% but not more than 50%.
- Major shareholders
- Alexander Barenboym
Chavdar Stoyanov - Head office
- Unit 13, Bourne Court, Suite 2, Southend Road, IG8 8HD Woodford Green, United Kingdom
- Company register
- Companies House 12552087
- Incorporated
- 8 Apr 2020
Online
- Websites & references
- maayanpayments.co.uk ↗
portal.maayanpayments.co.uk ↗ customer portal (sign-up and log-in)
portal.m-pay.me ↗ portal under the former M-Pay brand, linked from the site header - Official social accounts
- LinkedIn ↗ · Facebook ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 11 pages consulted
- maayanpayments.co.uk/
- maayanpayments.co.uk/terms-conditions/
- maayanpayments.co.uk/safeguarding-statement/
- maayanpayments.co.uk/about-us/
- maayanpayments.co.uk/wp-content/uploads/2026/06/Maayan-Payments-Ltd-Card-Terms.pdf
- find-and-update.company-information.service.gov.uk/company/12552087
- find-and-update.company-information.service.gov.uk/company/12552087/officers
- find-and-update.company-information.service.gov.uk/company/12552087/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/12552087/filing-history
- find-and-update.company-information.service.gov.uk/company/12552087/filing-history/MzQ5NzQ4Njg2OGFkaXF6a2N4/document?format=pdf&download=0
- thepaymentsassociation.org/article/how-do-maayans-acquiring-services-help-e-commerce-businesses-scale/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Wallester AS, Estonia Issuer of the Visa cards linked to Maayan accounts, under a separate card agreement with the customer
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 (FRN 927556). Its Visa cards are issued by Wallester AS, which holds a licence from the Estonian Financial Supervision and Resolution Authority.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 927556 | In its own name | Active | — |
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 customers' funds apart from its own, in dedicated safeguarding accounts with partner banks, and that independent auditors audit these arrangements.
- Card issuer
- Wallester AS Estonia
- Payment schemes and card networks
- Visa Direct maayanpayments.co.uk ↗
Mastercard Direct maayanpayments.co.uk ↗
SEPA Access not stated maayanpayments.co.uk ↗
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
The firm offers card acquiring for online merchants, multi-currency business and personal accounts with IBANs, payments, currency exchange, payouts and virtual Visa debit cards.
The firm operates from the United Kingdom under its FCA authorisation. In an article on The Payments Association's website, it says it offers acquiring services in over 150 countries and more than 30 currencies.
- Revenue
- GBP 1.59m
- Sells to
- Small businesses · Enterprises · Platforms and marketplaces · Consumers
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Md Mahbubur Rahman
Chief Executive Officer and Director
- Executive
- Azer Melikov Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm said in an August 2025 article on The Payments Association's website that it had recently rebranded from M-Pay to Maayan.
thepaymentsassociation.org ↗ -
Other
Companies House recorded that Jevgenijs Voroninskis ceased to control the firm and that Alexander Barenboym and Chavdar Stoyanov became persons with significant control.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Azer Melikov as a director on 1 June 2024, when Jevgenijs Voroninskis resigned as a director.
find-and-update.company-information.service.gov.uk ↗
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
- MYPAGB22XXX
- How the BIC breaks down
- MYPABank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 984500A41B6C02BEE685
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 927556
- 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 on the UK company number the register gives.
- Register-entry ID
- 67d5045112b4
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
- E-money / stored value
- Licensed in
- United Kingdom
- Website (register)
- www.maayanpayments.co.uk ↗
- Country · region
- United Kingdom · Europe & Central Asia
- 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
- NOTTINGHAM CITY CENT FLOOR 6TH CITYGATE EAST NOTTINGHAM NG1 5FS UNITED KINGDOM
- Operational address
- NOTTINGHAM CITY CENT FLOOR 6TH CITYGATE EAST NOTTINGHAM NOTTINGHAM NG1 5FS UNITED KINGDOM
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>MYPAGB22XXX</BICFI>
<LEI>984500A41B6C02BEE685</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>MYPAGB22XXX</BICFI>
<LEI>984500A41B6C02BEE685</LEI>
<Nm>MAAYAN PAYMENTS LTD</Nm>
<PstlAdr>
<TwnNm>NOTTINGHAM</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>NOTTINGHAM CITY CENT FLOOR 6TH CITYGATE EAST NOTTINGHAM NG1 5FS</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
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · 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.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: maayanpayments.co.uk (official website); Md Mahbubur Rahman: maayanpayments.co.uk (official website) · original.
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