---
title: "Maayan Payments LTD SWIFT/BIC code MYPAGB22XXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised E-Money Institution (FCA). SWIFT/BIC code MYPAGB22XXX for Maayan Payments LTD, United Kingdom. Head-office BIC."
url: https://elucidate.co/directory/maayan-payments-ltd-mypagb22
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Maayan Payments LTD
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.
Register status
Licensed in the United Kingdom
Authorised E-Money Institution · FCA
Prudential licence
[1 licence or registration ↓](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#licences)
BIC **MYPAGB22XXX** LEI **[984500A41B6C02BEE685](https://search.gleif.org/#/record/984500A41B6C02BEE685)** [Licence no. **927556**](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#claim)
## 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 Institutions](https://elucidate.co/directory/register/fca-emi) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 927556 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2021-05-28 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) |
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 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](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#overview-sources)
Customers
Not published
Employees
18
headcount · This entity · 30 Apr 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/12552087/filing-history/MzQ5NzQ4Njg2OGFkaXF6a2N4/document?format=pdf&download=0)
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 ↗](https://maayanpayments.co.uk/) [portal.maayanpayments.co.uk ↗](https://portal.maayanpayments.co.uk/) customer portal (sign-up and log-in) [portal.m-pay.me ↗](https://portal.m-pay.me/) portal under the former M-Pay brand, linked from the site header
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/maayan-payments/) · [Facebook ↗](https://www.facebook.com/profile.php?id=61570325871148)
- **Apps:** [App Store ↗](https://apps.apple.com/lv/app/maayan/id1599059247) · [Google Play ↗](https://play.google.com/store/apps/details?id=com.maayan&hl=en)
Sources · 11 pages consulted
1. [maayanpayments.co.uk/](https://maayanpayments.co.uk/)
2. [maayanpayments.co.uk/terms-conditions/](https://maayanpayments.co.uk/terms-conditions/)
3. [maayanpayments.co.uk/safeguarding-statement/](https://maayanpayments.co.uk/safeguarding-statement/)
4. [maayanpayments.co.uk/about-us/](https://maayanpayments.co.uk/about-us/)
5. [maayanpayments.co.uk/wp-content/uploads/2026/06/Maayan-Payments-Ltd-Card-Terms.pdf](https://maayanpayments.co.uk/wp-content/uploads/2026/06/Maayan-Payments-Ltd-Card-Terms.pdf)
6. [find-and-update.company-information.service.gov.uk/company/12552087](https://find-and-update.company-information.service.gov.uk/company/12552087)
7. [find-and-update.company-information.service.gov.uk/company/12552087/officers](https://find-and-update.company-information.service.gov.uk/company/12552087/officers)
8. [find-and-update.company-information.service.gov.uk/company/12552087/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/12552087/persons-with-significant-control)
9. [find-and-update.company-information.service.gov.uk/company/12552087/filing-history](https://find-and-update.company-information.service.gov.uk/company/12552087/filing-history)
10. [find-and-update.company-information.service.gov.uk/company/12552087/filing-history/MzQ5NzQ4Njg2OGFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/12552087/filing-history/MzQ5NzQ4Njg2OGFkaXF6a2N4/document?format=pdf&download=0)
11. [thepaymentsassociation.org/article/how-do-maayans-acquiring-services-help-e-commerce-businesses-scale/](https://thepaymentsassociation.org/article/how-do-maayans-acquiring-services-help-e-commerce-businesses-scale/)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#overview-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](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#overview-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. [maayanpayments.co.uk ↗](https://maayanpayments.co.uk/safeguarding-statement/)
- **Card issuer:** Wallester AS Estonia [maayanpayments.co.uk ↗](https://maayanpayments.co.uk/wp-content/uploads/2026/06/Maayan-Payments-Ltd-Card-Terms.pdf)
- **Payment schemes and card networks:** Visa Direct [maayanpayments.co.uk ↗](https://maayanpayments.co.uk/) Mastercard Direct [maayanpayments.co.uk ↗](https://maayanpayments.co.uk/) SEPA Access not stated [maayanpayments.co.uk ↗](https://maayanpayments.co.uk/terms-conditions/)
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/maayan-payments-ltd-mypagb22#overview-sources)
- Merchant acquiring
- Multi currency accounts
- International money transfer
- Domestic payments
- FX conversion
- Payouts and mass payments
- Debit cards
- Account information (open banking)
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 1.59mThis entity · 30 Apr 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/12552087/filing-history/MzQ5NzQ4Njg2OGFkaXF6a2N4/document?format=pdf&download=0)
- **Sells to:** Small businesses · Enterprises · Platforms and marketplaces · Consumers
- **Serves customers in:** United Kingdom
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#overview-sources)
- **Chief executive:**  Md Mahbubur Rahman Chief Executive Officer and Director Confirmed 29 Sep 2026 · [maayanpayments.co.uk ↗](https://maayanpayments.co.uk/about-us/)
- **Executive:** Azer Melikov Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12552087/officers)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#overview-sources)
1. Aug 2025
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 ↗](https://thepaymentsassociation.org/article/how-do-maayans-acquiring-services-help-e-commerce-businesses-scale/)
2. Oct 2024
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 ↗](https://find-and-update.company-information.service.gov.uk/company/12552087/persons-with-significant-control)
3. Jun 2024
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 ↗](https://find-and-update.company-information.service.gov.uk/company/12552087/officers)
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:** 1. MYPA Bank 2. GB Country · United Kingdom 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 984500A41B6C02BEE685
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/984500A41B6C02BEE685)
- **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
- **Companies House no.:** [12552087 ↗](https://find-and-update.company-information.service.gov.uk/company/12552087)
## Profile
- **Type:** Payments & e-money
- **Regulation:** Prudential licence
- **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/maayan-payments-ltd-mypagb22#licences)
- **Activities:** - Payment services - E-money / stored value
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.maayanpayments.co.uk ↗](https://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.
## Persons with significant control
Companies House · company [12552087 ↗](https://find-and-update.company-information.service.gov.uk/company/12552087) · as at 9 October 2026
Companies House lists 2 persons with significant control for Maayan Payments Ltd: 2 individuals.
| Name | Type | Nature of control | Notified |
| --- | --- | --- | --- |
| Chavdar Stoyanov | Individual | 25–50% of shares · 25–50% of votes · Can appoint or remove directors | 15 October 2024 |
| Alexander Barenboym | Individual | 50–75% of shares · 50–75% of votes · Can appoint or remove directors | 7 November 2024 |
Companies report persons with significant control to Companies House. Elucidate has not verified them.
A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown.
Matched on the Companies House number that the FCA register gives for this firm.
[See the register at Companies House ↗](https://find-and-update.company-information.service.gov.uk/company/12552087/persons-with-significant-control)
## 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
```xml
MYPAGB22XXX
984500A41B6C02BEE685
```
### 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
MYPAGB22XXX
984500A41B6C02BEE685
MAAYAN PAYMENTS LTD
NOTTINGHAM
GB
NOTTINGHAM CITY CENT FLOOR 6TH CITYGATE EAST NOTTINGHAM NG1 5FS
```
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 the United Kingdom
- [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l)
- [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725)
- [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392)
- [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l)
- [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22)
- [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896)
- [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5)
- [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb)
[See all →](https://elucidate.co/directory/search?type=payments&cc=GB)
Claim this profile
## Work at Maayan Payments 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
- **FCA Financial Services Register - E-Money Institutions**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) as at 25 September 2026
- **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) as at 9 October 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](https://maayanpayments.co.uk/) (official website); Md Mahbubur Rahman: [maayanpayments.co.uk](https://maayanpayments.co.uk/about-us/) (official website) · [original](https://maayanpayments.co.uk/wp-content/uploads/2025/03/DEV05244-Edit-Edit.jpg).
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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.