United Kingdom · Payments & e-money
Paaysay LTD
PAAYSAY LTD is a private limited company incorporated in England and Wales in 2014, with its office in Liverpool. The FCA authorises it as an Authorised Payment Institution under the Payment Services Regulations 2017 (firm reference 665640). According to Companies House, Michele Giacomel holds more than 50% but less than 75% of its shares. Under the PaySay brand, it says it provides money remittance and foreign exchange services, and it says further payment services await regulatory approval.
Licences and registrations
Held by Paaysay LTD (LEI 254900E8A5FVFENNMO49). 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 - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 665640 | United Kingdom | Active | 2018-05-02 | — |
|
Search the register ↗ |
Trading names on the register: PaySay (FCA-PSD)
- 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
- PYAYGB22XXX 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 PYAYGB22 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
- 2026-03-07
- Last updated
- 2026-03-07
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
Money remittance
Trades as PaySay
- Standing
- The FCA authorises the firm as a payment institution. Its website says it may provide remittance services only under this authorisation. The website also says it is seeking a variation of permissions and an AML registration, and that its services are not available until the regulator completes this process.
- Ownership
- Michele Giacomel is the only person with significant control recorded at Companies House, holding more than 50% but less than 75% of the shares since 1 February 2021.
- Major shareholder
- Michele Giacomel
- Head office
- Suite 3, Floor 3, Exchange Station, Tithebarn Street, L2 2QP Liverpool, United Kingdom
- Company register
- Companies House 09272315
- Incorporated
- 20 Oct 2014
Online
- Websites & references
- paysay.co.uk ↗
banking.paysay.co.uk ↗ customer log-in portal - Official social accounts
- None found
Sources · 10 pages consulted
- find-and-update.company-information.service.gov.uk/company/09272315
- find-and-update.company-information.service.gov.uk/company/09272315/officers
- find-and-update.company-information.service.gov.uk/company/09272315/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/09272315/filing-history
- find-and-update.company-information.service.gov.uk/company/09272315/filing-history/MzUwNDkyMjEyMGFkaXF6a2N4/document?format=pdf&download=0
- fca.org.uk/publication/fca/foi2025_00746-annex-a.pdf
- paysay.co.uk/
- paysay.co.uk/regulatory-update
- paysay.co.uk/disclaimers/
- paysay.co.uk/terms-conditions
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an Authorised Payment Institution under the Payment Services Regulations 2017 (firm reference 665640). An FCA freedom-of-information release lists it as principal for 75 registered agents as at 9 September 2025.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 665640 | In its own name | Active | paysay.co.uk ↗ |
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 keeps client funds segregated and reconciled, and that client rights to safeguarded funds are protected under the Payment Services Regulations 2017. It does not name the safeguarding bank.
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 says it currently provides money remittance and foreign exchange services only. Its website also describes payment accounts, direct debits, card payments, merchant acquiring and open banking services, which it says will start only after regulatory approval.
The firm serves customers from the United Kingdom under its FCA authorisation. It does not publish a list of corridors.
- Sells to
- Consumers · Small businesses
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Zahid Mehmood Khan Director
- Executive
- Michele Giacomel Director
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
- PYAYGB22XXX
- How the BIC breaks down
- PYAYBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900E8A5FVFENNMO49
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 665640
- 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
- 7988b8a62db2
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
- Licensed in
- United Kingdom
- Website (register)
- www.paysay.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
- TITHEBARN STREET EXCHANGE STATION SUITE 3 FLOOR FLOOR 3 LIVERPOOL L2 2QP UNITED KINGDOM
- Operational address
- TITHEBARN STREET EXCHANGE STATION SUITE 3 FLOOR 3 LIVERPOOL LIVERPOOL L2 2QP 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>PYAYGB22XXX</BICFI>
<LEI>254900E8A5FVFENNMO49</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>PYAYGB22XXX</BICFI>
<LEI>254900E8A5FVFENNMO49</LEI>
<Nm>PAAYSAY LTD</Nm>
<PstlAdr>
<TwnNm>LIVERPOOL</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>TITHEBARN STREET EXCHANGE STATION SUITE 3 FLOOR FLOOR 3 LIVERPOOL L2</AdrLine>
<AdrLine>2QP</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 - Payment Institutions & RAISPs—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: paysay.co.uk (official website) · original.
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