United Kingdom · Payments & e-money
Paypal UK LTD
PayPal UK Ltd is a private limited company incorporated in England. The Financial Conduct Authority (FCA) authorises it as an electronic money institution (FRN 994790) and for consumer credit activities, and registers it as a cryptoasset business. PayPal Pte. Ltd. of Singapore wholly owns the firm, and its ultimate parent is PayPal Holdings, Inc. It provides the PayPal wallet, merchant checkout and card processing, Mastercard debit and credit cards, buy now pay later and cryptoasset trading to UK consumers and businesses. It took over PayPal's UK customer contracts and e-money balances from PayPal (Europe) S.à r.l. et Cie, S.C.A. on 1 November 2023.
Licences and registrations
Held by Paypal UK LTD (LEI 5493000JZXMYSD1G6W13). 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 | 994790 | United Kingdom | Active | 2023-10-31 | — |
|
Search the register ↗ |
Trading names on the register: Zettle by PayPal (FCA-EMI), Xoom a PayPal Service (FCA-EMI), PayPal (FCA-EMI), Hyperwallet a PayPal Service (FCA-EMI), Braintree a PayPal service (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
- PYPTGB22XXX 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 PYPTGB22 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
- 2024-01-06
- Last updated
- 2024-01-06
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
100% PayPal Pte. Ltd.
Firm type
E-money and accounts
Trades as PayPal
- Standing
- On 1 November 2023, PayPal (Europe) S.à r.l. et Cie, S.C.A. transferred its UK customer contracts and e-money balances to the firm. The firm has provided PayPal services to UK account holders since then.
- Ownership
- PayPal Holdings, Inc. owns 100% of the firm through PayPal Pte. Ltd. of Singapore, its sole shareholder.
- Direct parent
- PayPal Pte. Ltd., Singapore 100%
- Ultimate owner
- PayPal Holdings, Inc., United States
- Head office
- Whittaker House, Whittaker Avenue, TW9 1EH Richmond-upon-Thames, United Kingdom (registered office: 5 Fleet Place, London, United Kingdom, EC4M 7RD)
- Company register
- Companies House 14741686
- Incorporated
- 20 Mar 2023
Online
- Websites & references
- paypal.com ↗
paypal.com/uk/business ↗ business site
newsroom.uk.paypal-corp.com ↗ UK newsroom - Official social accounts
- X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 15 pages consulted
- paypal.com/uk/legalhub/paypal/servicedescription-full
- find-and-update.company-information.service.gov.uk/company/14741686/officers
- find-and-update.company-information.service.gov.uk/company/14741686/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/14741686/filing-history
- find-and-update.company-information.service.gov.uk/company/14741686/filing-history/MzU0MjMyMzYzOWFkaXF6a2N4/document?format=pdf&download=0
- paypal.com/uk/home
- paypal.com/uk/legalhub/paypal/useragreement-full
- paypalobjects.com/marketing/ua/pdf/GB/en/ua-032425.pdf
- paypal.com/uk/legalhub/paypal/consumer-debitcard-agreement
- paypal.com/uk/legalhub/braintree/past-policy-updates?country.x=uk&locale.x=en_GB
- fca.org.uk/news/press-releases/competition-act-1998-investigations
- newsroom.uk.paypal-corp.com/
- newsroom.uk.paypal-corp.com/2025-11-17-PayPal-reintroduces-Cryptocurrency-Services
- lobbyregister.bundestag.de/media/f1/cb/315529/2023-SFR-Incl-2023-signed-Mgt-Report-and-PWC-Audit-Report.pdf
- pymnts.com/bnpl/2026/paypal-expands-united-kingdom-bnpl-offering-before-new-regulations/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 (FRN 994790) and for consumer credit activities (FRN 996405). The FCA also registers it for cryptoasset services under the Money Laundering Regulations (FRN 1000741). The firm states that some products, such as PayPal Working Capital, are not regulated by the FCA.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 994790 | In its own name | Active | paypal.com ↗ |
| Financial Conduct Authority United Kingdom | Consumer credit activities under the Financial Services and Markets Act 2000 | 996405 | In its own name | Active | paypal.com ↗ |
| Financial Conduct Authority United Kingdom | Cryptoasset business registration under the Money Laundering Regulations 2017 | 1000741 | In its own name | Active | paypal.com ↗ |
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 segregates relevant funds in safeguarding accounts at an authorised credit institution. Since 26 April 2026 it has combined these accounts with insurance or guarantee arrangements, which it calls a hybrid method.
- Crypto-asset custody
- Held by a third-party custodianUK customers can buy, sell and hold seven tokens, including PayPal USD, but cannot send them outside PayPal. The firm holds customers' cryptoassets through one or more third-party custodians it does not name.
- Acquirer / processor
- First Merchant Processing (UK) Limited, trading as AIB Merchant Services United Kingdom
- Acquirer / processor
- First Data GmbH Germany
- Payment schemes and card networks
- Mastercard Access not stated paypal.com ↗
Visa Through a partner paypal.com ↗
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
It provides PayPal e-money accounts, online and in-store checkout, Braintree card processing for merchants, Mastercard debit and credit cards, PayPal Credit, Pay in 3, Pay in 30 Days, Working Capital and cryptoasset buying and selling.
Its user agreement covers residents of the United Kingdom, Guernsey, the Isle of Man and Jersey.
- Revenue
- GBP 1.36bn
- Sells to
- Consumers · Small businesses · Enterprises
- Serves customers in 4 countries
- United Kingdom · Guernsey · Isle of Man · Jersey
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Tamer El-Emary General Manager, PayPal UK
- Executive
- Simon Daniel Bladon Director
- Executive
- David Jonathan Bennett Director
- Executive
- Benjamin Nicholas Davey Director
- Executive
- Jane Susannah Leach Director
- Executive
- Kate Rochford Cino Director
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Investigation
The FCA confirmed a Competition Act 1998 investigation into Mastercard, PayPal and Visa over PayPal wallet funding. It stated it had made no findings.
fca.org.uk ↗ -
Other
The firm moved to a hybrid safeguarding method that combines segregated accounts with insurance or guarantee arrangements.
find-and-update.company-information.service.gov.uk ↗ -
Investigation
The firm received FCA notices of investigation and information requests under the Competition Act 1998 about PayPal's agreements with Visa and Mastercard.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm reintroduced cryptocurrency buying, selling and holding for UK consumers, including PayPal USD.
newsroom.uk.paypal-corp.com ↗ -
Leadership
The firm appointed Kate Rochford Cino, Benjamin Nicholas Davey and Jane Susannah Leach as directors. Sean Anthony Byrne resigned as a director.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
PayPal (Europe) S.à r.l. et Cie, S.C.A. transferred its UK customer contracts and e-money balances to the firm.
lobbyregister.bundestag.de ↗ -
Licence
The FCA authorised the firm as an electronic money institution under firm reference number 994790.
paypal.com ↗
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
- PYPTGB22XXX
- How the BIC breaks down
- PYPTBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 5493000JZXMYSD1G6W13
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 994790
- 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
- d590bec30360
- Companies House no.
- 14741686 ↗
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
- 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
- Direct parent
- Paypal Pte. Ltd. · Singapore549300ZO4GNVXIBGHK94 ↗
- Ultimate parent
- Paypal Holdings, Inc. · United States5493005X2GO78EFZ3E94 ↗
The Paypal Holdings, Inc. group has 11 institutions in the directory, in 7 countries: 6 hold a BIC and 5 do not.
Including Paypal Europe, S.A R.L et Cie, S.C.A., PayPal Hong Kong Limited, Paypal Pte. Ltd., Paypal Canada Co., Hyperwallet Systems Australia PTY LTD.
See the Paypal Holdings, Inc. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Persons with significant control
Companies House · company 14741686 ↗ · as at 9 October 2026
Companies House lists 1 person with significant control for Paypal UK Ltd: 1 company.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Paypal Holdings, Inc. | Company · United States | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 20 March 2023 |
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 ↗Addresses
- Registered address
- WHITTAKER HOUSE WHITTAKER AVENUE RICHMOND- UPON- THAMES TW9 1EH UNITED KINGDOM
- Operational address
- WHITTAKER AVENUE RICHMOND- UPON- THAMES RICHMOND- UPON- THAMES TW9 1EH 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>PYPTGB22XXX</BICFI>
<LEI>5493000JZXMYSD1G6W13</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>PYPTGB22XXX</BICFI>
<LEI>5493000JZXMYSD1G6W13</LEI>
<Nm>PAYPAL UK LTD</Nm>
<PstlAdr>
<TwnNm>RICHMOND-UPON-THAMES</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>WHITTAKER HOUSE WHITTAKER AVENUE RICHMOND- UPON- THAMES TW9 1EH</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
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Persons with significant control—Companies House · source ↗ 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: paypal.com (official website) · original.
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