United Kingdom · Payments & e-money
Shift Financial Services LTD
SHIFT Financial Services Ltd is a private limited company incorporated in England in 2009, with its office in Uxbridge. The FCA authorises it as an Authorised Payment Institution (FRN 707134). HMRC supervises it as a money service business. Oak Fintech Ltd holds more than 50% of its shares and Tas Fintech Ltd holds more than 25%, according to Companies House. Under the Shift brand and the Shift Wallet app, it sends international money transfers from the UK to bank accounts, cash pick-up points, mobile wallets and cards.
Licences and registrations
Held by Shift Financial Services LTD (LEI 213800RCXJN9G7PQAS09). 3 entries on 2 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 | 707134 | United Kingdom | Active | 2018-07-04 | — |
|
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| HMRC MLR Supervised Business RegisterHMRCLinked by LEI. Matched by Elucidate on the UK company number the register gives. | Money Service BusinessMoney Transmitter / Remittance | XPML00000184110 | United Kingdom | Active | 2023-02-01 | — |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Small Payment InstitutionPayment Institution | 514309 | United Kingdom | Cancelled - Small PI | — | Ended 2016-04-29 |
|
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Trading names on the register: Shift (FCA-PSD, HMRC-MLR)
- 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
- SHFVGB22XXX 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 SHFVGB22 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
- 2025-04-05
- Last updated
- 2025-04-05
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Oak Fintech Ltd
Firm type
Money remittance
Trades as Shift (Shift Wallet app)
- Ownership
- Oak Fintech Ltd (Companies House 14662915) holds more than 50% but less than 75% of the shares and voting rights. Tas Fintech Ltd (Companies House 14682688) holds more than 25% but not more than 50%.
- Direct parent
- Oak Fintech Ltd, United Kingdom
- Major shareholder
- Tas Fintech Ltd
- Head office
- The Charter Building (Ground Floor), Charter Place, UB8 1JG Uxbridge, United Kingdom
- Company register
- Companies House 06882651
- Incorporated
- 21 Apr 2009
Online
- Websites & references
- shifttransfer.com ↗
access.shifttransfer.com/customerwallet ↗ customer wallet sign-in portal
access.shifttransfer.com/ShiftOnline ↗ agent portal - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · TikTok ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 11 pages consulted
- shifttransfer.com/en
- shifttransfer.com/en/terms-and-conditions
- shifttransfer.com/en/faq
- shifttransfer.com/en/company
- shifttransfer.com/en/countries-currencies
- find-and-update.company-information.service.gov.uk/company/06882651
- find-and-update.company-information.service.gov.uk/company/06882651/officers
- find-and-update.company-information.service.gov.uk/company/06882651/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/06882651/filing-history
- find-and-update.company-information.service.gov.uk/company/06882651/filing-history/MzQ5ODEyNjc4NWFkaXF6a2N4/document?format=pdf&download=0
- apps.apple.com/jo/app/shift-wallet-money-transfer/id1505115484
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 (FRN 707134). HMRC supervises it as a money service business under the Money Laundering Regulations.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 707134 | In its own name | Active | shifttransfer.com ↗ |
| HM Revenue & Customs United Kingdom | Money Service Business (Money Transmitter / Remittance) | XPML00000184110 | In its own name | Active | — |
| Financial Conduct Authority United Kingdom | Small Payment Institution | 514309 | In its own name | Withdrawn or expired | — |
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 says it keeps relevant funds separate from its own funds, in designated safeguarding accounts with an approved safeguarding provider, as required by the Payment Services Regulations 2017. It does not name the provider.
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 sends money from the UK to bank accounts, cash pick-up points, mobile money wallets and cards. It says it reaches more than 80 countries and more than 250,000 cash pick-up locations.
It serves senders in the United Kingdom under its FCA authorisation and pays out to recipients in more than 80 countries, according to its website.
- Revenue
- GBP 1.02m
- Sells to
- Consumers
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Abdullah Mutaz Yasar Sahloul Director
- Executive
- Mohammad Fouzie Mahrat Director
- Executive
- Omar Abdo Kaid Mohamed Director
- Executive
- Abdulrahman Omar Abdo Kaid Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm notified Companies House that Tas Fintech Ltd had acquired more than 25% of its shares and that Ednan Shaban had ceased to hold significant control.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Omar Abdo Kaid Mohamed and Abdulrahman Omar Abdo Kaid as directors.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm notified Companies House that Oak Fintech Ltd held more than 50% of its shares and voting rights.
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
- SHFVGB22XXX
- How the BIC breaks down
- SHFVBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800RCXJN9G7PQAS09
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 707134
- Licence no. · HMRC-MLR
- XPML00000184110
- Licence no. · FCA-PSD
- 514309
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 341fe45819aa
Profile
- Type
- Payments & e-money · Money service businessPayment 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
- 3 entries on 2 registers
- Activities
- Payment services
- Money remittance
- Licensed in
- United Kingdom
- Website (register)
- shifttransfer.com ↗
- 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
- THE CHARTER BUILDING UXBRIDGE UB8 1JG UNITED KINGDOM
- Operational address
- THE CHARTER BUILDING UXBRIDGE UXBRIDGE UB8 1JG 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>SHFVGB22XXX</BICFI>
<LEI>213800RCXJN9G7PQAS09</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>SHFVGB22XXX</BICFI>
<LEI>213800RCXJN9G7PQAS09</LEI>
<Nm>SHIFT FINANCIAL SERVICES LTD</Nm>
<PstlAdr>
<TwnNm>UXBRIDGE</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>THE CHARTER BUILDING UXBRIDGE UB8 1JG</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
- HMRC MLR Supervised Business Register—HM Revenue & Customs (HMRC) · register ↗ as at 24 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: shifttransfer.com (official website) · original.
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