Cyprus · Payments & e-money
Mgl Wallet LTD
MGL Wallet Ltd is a private company registered in Limassol, Cyprus, under number HE 382283. The Central Bank of Cyprus authorises it as an electronic money institution under licence 115.1.3.34/2021, granted on 5 January 2021. The Russian internet group VK controlled the firm until July 2023. VK reported selling control that month for EUR 1 million to a buyer it did not name. The firm says it offers multi-currency e-wallet accounts, merchant payment processing and white-label payment solutions to individuals and businesses in the European Economic Area (EEA).
Licences and registrations
Held by Mgl Wallet LTD (LEI 213800ZFZCDD5RS28U68). 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 RegisterCentral Bank of CyprusLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | 115.1.3.34 | Cyprus | Active | 2021-01-05 | — |
|
Search the register ↗ |
- 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
- MGLWCY22XXX 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 MGLWCY22 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
- 2022-04-02
- Last updated
- 2022-04-02
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Not published
Firm type
E-money and accounts
Trades as MGL Wallet
- Ownership
- The firm does not publish its owners, and VK, its former parent, reported selling control in July 2023 to a buyer it did not name.
- Head office
- 71 Agias Fylaxeos & Arch. Makarios III Avenue, Safe Bulkers Tower, Office 201, 3087 Limassol, Cyprus
- Company register
- Cyprus Registrar of Companies HE 382283
Online
- Websites & references
- mglwallet.com ↗
- Official social accounts
- None found
Sources · 8 pages consulted
- mglwallet.com/
- mglwallet.com/static/MGL%20WALLET%20LTD_Terms%20and%20Conditions_v_1.1-2022.pdf
- mglwallet.com/static/MGL%20WALLET%20LTD_Privacy%20Notice_v_1.1-2022.pdf
- lb.lt/en/sfi-financial-market-participants/mgl-wallet-ltd
- centralbank.cy/en/licensing-supervision/payment-institutions-and-electronic-money-institutions/registers
- interfax.com/newsroom/top-stories/93466/
- interfax.ru/business/915632
- tass.ru/ekonomika/18483613
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Central Bank of Cyprus authorises the firm as an electronic money institution under licence 115.1.3.34/2021. The firm passports this licence to other EEA states on a freedom-to-provide-services basis, and the Bank of Lithuania lists 29 host states.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of Cyprus Cyprus | Electronic Money Institution | 115.1.3.34/2021 | 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.
Products and markets
Researched 29 Sep 2026 · Sources
The firm describes its offer as multi-currency e-wallet accounts and merchant accounts with global and local payment, top-up and payout methods. It also offers white-label interfaces.
The firm says it serves customers in the EEA. According to the Bank of Lithuania's register, it provides services without a branch in 29 other EEA member states.
- Sells to
- Consumers · Small businesses · Enterprises
- Serves customers in
- Cyprus
Recent events
Researched 29 Sep 2026 · 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
- MGLWCY22XXX
- How the BIC breaks down
- MGLWBank
- CYCountry · Cyprus
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800ZFZCDD5RS28U68
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 115.1.3.34
- 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
- 980250212774
- National bank code
- Bank identifier 915
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
- Cyprus
- 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
- VASHIOTIS SEAFRONT OFFICE 402 FLOOR 4 365 28TH OCTOBER AVE LIMASSOL (LEMESOS) 3107 CYPRUS
- Operational address
- VASHIOTIS SEAFRONT OFFICE 402 FLOOR 4 365 28TH OCTOBER AVE LIMASSOL (LEMESOS) 3107 LIMASSOL (LEMESOS) 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
<FinInstnId>
<BICFI>MGLWCY22XXX</BICFI>
<LEI>213800ZFZCDD5RS28U68</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>MGLWCY22XXX</BICFI>
<LEI>213800ZFZCDD5RS28U68</LEI>
<Nm>MGL WALLET LTD</Nm>
<PstlAdr>
<TwnNm>LIMASSOL LEMESOS</TwnNm>
<Ctry>CY</Ctry>
<AdrLine>VASHIOTIS SEAFRONT OFFICE 402 FLOOR 4 365 28TH OCTOBER AVE LIMASSOL</AdrLine>
<AdrLine>(LEMESOS) 3107</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.
National bank codes
Bank identifier · Cyprus
1 code file of 2026-09
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| 915 | MGLWCY22 | MGL WALLET LTD |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Claim this profile
Work at Mgl Wallet 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.
- 01Submit Tell us who you are, using your work email.
- 02We verify We check the email domain and confirm your role with the bank. This usually takes up to five business days.
- 03Profile claimed The page is marked as claimed and verified. You can send us corrections at any time.
Claim received
Thank you. We will email your work address once the claim is verified. Until then, the page stays unclaimed.
The claim was not sent. Try again, or email contact@elucidate.co.
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
- National bank codes—Cyprus (Source: Central Bank of Cyprus).
- EBA PSD2 Register—European Banking Authority (EBA) · 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: mglwallet.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
Book a demo