Cyprus · Payments & e-money
Xryma PLC
Xryma Plc is a Cypriot public company limited by shares, based in Strovolos, Nicosia. The Central Bank of Cyprus authorises it as an electronic money institution under authorisation number 115.1.3.17. The firm was named ISX Financial EU Plc until March 2026 and trades as ISX Financial, ISXPay, ISXMoney, PaidBy and flykk. It offers mainly business customers in the EEA e-money accounts, card acquiring, open banking payments, mass payouts and currency exchange. Its largest shareholder at the end of 2025 was Select All Enterprise Limited, with 41.09%, the holding company of chief executive Nikogiannis Karantzis and his wife.
Licences and registrations
Held by Xryma PLC (LEI 213800NGHVYL5PFZI692). 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 | 115.1.3.17 | Cyprus | Active | 2018-07-09 | — |
|
Search the register ↗ |
Trading names on the register: ISXPay / ISX Financial / Paidby / ISX Money / flykk (EBA-PSD2)
- 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.
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Other monetary financial institution
- Minimum reserves
- Not on the ECB reserve list
- Listed as
- Xryma PLC
- RIAD code
- CY300010
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- ISEMCY22XXX 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 ISEMCY22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · SDD Core · SDD B2B · VOP · TIPS
- Branch codes
- 5 branch codes
- BIC first registered
- 2018-05-12
- Last updated
- 2026-09-14
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
E-money and accounts
Trades as ISX Financial
- Standing
- The firm changed its name from ISX Financial EU Plc to Xryma Plc by a shareholder resolution of 19 March 2026. The Cyprus Registrar of Companies registered the change on 31 March 2026. The firm states that it remains the same legal entity and that its authorisations are unchanged.
- Ownership
- No shareholder holds control, according to the firm. Select All Enterprise Limited, the holding company of Nikogiannis Karantzis and his wife, held 41.09% at 31 December 2025, and Red 5 Solutions Limited held 9.90%.
- Major shareholder
- Select All Enterprise Limited 41.09% · 31 Dec 2025
- Head office
- Makrasykas 1, KBC North Building, Strovolos, 2034 Nicosia, Cyprus
- Company register
- Cyprus Registrar of Companies HE348009
- Founder
- Nikogiannis Karantzis
- Former names
- ISX Financial EU PLC · ISX Financial EU Ltd · iSignthis eMoney Ltd
Online
- Websites & references
- xryma.com ↗
isx.financial ↗ customer-facing site of the ISX Financial brand
xrymacoin.money ↗ XrymaCoin (XREUR) e-money token site - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
Sources · 13 pages consulted
- xryma.com/
- xryma.com/governance
- xryma.com/hubfs/Annualreports/annual25.pdf
- isx.financial/investors
- isx.financial/fundsafeguardseu
- isx.financial/aboutisx
- lb.lt/en/sfi-financial-market-participants/xryma-plc
- prnewswire.com/news-releases/xryma-plc-reports-steady-h1-2026-results-while-positioning-the-group-for-it
- prnewswire.com/news-releases/xryma-plc-goes-live-on-the-ecb-t2-real-time-gross-settlement-network-302887
- prnewswire.com/news-releases/xryma-plc-announces-the-upcoming-launch-of-xrymacoin-xreur-the-regulated-eu
- prnewswire.com/news-releases/xryma-plc--pre-listing-liquidity-facility-and-price-discovery-process-30283
- prnewswire.com/news-releases/xryma-plc-announces-approval-and-publication-of-its-prospectus-for-admissio
- prnewswire.com/news-releases/isx-financial-eu-plc-announces-corporate-name-change-to-xryma-plc-302722301
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 authorisation number 115.1.3.17. The firm uses this authorisation across the EEA, and the Bank of Lithuania lists it as an EEA e-money institution providing services there without a branch.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of Cyprus Cyprus | Electronic money institution | 115.1.3.17 | In its own name | Active | — |
| Central Bank of Cyprus Cyprus | Notification of an e-money token white paper under Article 51 of MiCAR (XrymaCoin, XREUR) | — | Exemption | Status unconfirmed | prnewswire.com ↗ |
| Central Bank of Cyprus Cyprus | Notification of custody and transfer services under Article 60 of MiCAR | — | Exemption | Status unconfirmed | prnewswire.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 states that it keeps customer funds in segregated accounts, apart from its own funds. It says it holds them at the Bank of Lithuania, at EU credit institutions and, for non-euro currencies, at international banks.
- Crypto-asset custody
- Held by the firmThe firm notified the Central Bank of Cyprus of a white paper for XrymaCoin (XREUR), a euro e-money token, on 29 June 2026. It notified custody and transfer services on 8 July 2026 and said it would issue the token from 3 September 2026.
- Safeguarding bank · Settlement bank
- (Central) Bank of Lithuania Lithuania
- Settlement bank
- (Central) Bank of Latvia Latvia
- Safeguarding bank
- Banking Circle S.A. Luxembourg
- Payment schemes and card networks
- T2 (Eurosystem RTGS) Direct prnewswire.com ↗
SEPA (Instant, Credit Transfer, Direct Debit) Through a partner isx.financial ↗
Swift Direct xryma.com ↗
Mastercard Direct xryma.com ↗
JCB Direct xryma.com ↗
Diners Club/Discover Direct xryma.com ↗
UnionPay Direct xryma.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
The firm offers business IBAN accounts under BIC ISEMCY22, card acquiring through ISXPay, PaidBy open banking payments, Masspay bulk payouts and the flykk consumer wallet with a Diners Club debit card. It says its payouts reach about 60 countries on a next-business-day basis.
The firm lists 30 EEA countries where its Cypriot licence lets it offer e-money services. Its UK and Gibraltar customers moved to its sister company ISX Financial UK Ltd after 31 December 2024.
- Revenue
- EUR 48.4m
- Payment volume
- EUR 4bne-money issued
- Sells to
- Enterprises · Small businesses · Consumers
- Serves customers in 30 countries
- Cyprus · Austria · Belgium · Bulgaria · Czechia · Germany · Denmark · Greece · Estonia · Spain · Finland · France · Croatia · Italy · Ireland · Lithuania · Luxembourg · Hungary · Latvia · Malta · Netherlands · Poland · Portugal · Romania · Slovenia · Slovakia · Sweden · Iceland · Liechtenstein · Norway
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Nikogiannis Karantzis
Managing Director & CEO
- Chair
-
Christakis Taoushanis
Independent Non Executive Chairman
- Chief financial officer
-
Ajay Treon
Executive Director & Group CFO
- Compliance / MLRO
-
Serge Prostran
Chief Compliance Officer
- Executive
-
Andreas Artemiou
Chief Risk Officer
- Executive
-
Dominic Melo
Executive Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm announced that it was live on the Eurosystem's T2 settlement system under its own BIC, ISEMCY22XXX.
prnewswire.com ↗ -
Licence
The firm published a MiCAR white paper for the XrymaCoin (XREUR) euro e-money token, notified to the Central Bank of Cyprus on 29 June 2026.
prnewswire.com ↗ -
Other
The firm said it would reapply for admission to Euronext Paris within twelve months, after a pre-listing private placement.
prnewswire.com ↗ -
Other
CySEC approved the firm's prospectus for admitting its 110,079,450 ordinary shares to trading on Euronext Paris.
prnewswire.com ↗ -
Other
Shareholders approved changing the firm's name from ISX Financial EU Plc to Xryma Plc, and the registrar recorded it on 31 March 2026.
prnewswire.com ↗ -
Merger / acquisition
The firm sold its 27.595% stake in NSX Limited under a scheme of arrangement for its acquisition by CNSX Group.
xryma.com ↗ -
Leadership
The firm appointed Group CFO Ajay Treon to its board as an executive director on 22 October 2025.
xryma.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
- ISEMCY22XXX
- How the BIC breaks down
- ISEMBank
- CYCountry · Cyprus
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800NGHVYL5PFZI692
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 115.1.3.17
- 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
- e3ca357a2304
- National bank code
- Bank identifier 904
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
- Card acquiring
- 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
The Xryma PLC group has 3 institutions in the directory, in 2 countries: all hold a BIC.
Including Isx Financial UK LTD, Isx Financial UK LTD.
See the Xryma PLC group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- KBC NORTH BUILDING 1 MAKRASYKAS NICOSIA (LEFKOSIA) 2034 CYPRUS
- Operational address
- KBC NORTH BUILDING 1 MAKRASYKAS NICOSIA (LEFKOSIA) 2034 NICOSIA (LEFKOSIA) 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>ISEMCY22XXX</BICFI>
<LEI>213800NGHVYL5PFZI692</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>ISEMCY22XXX</BICFI>
<LEI>213800NGHVYL5PFZI692</LEI>
<Nm>XRYMA PLC</Nm>
<PstlAdr>
<TwnNm>NICOSIA LEFKOSIA</TwnNm>
<Ctry>CY</Ctry>
<AdrLine>KBC NORTH BUILDING 1 MAKRASYKAS NICOSIA (LEFKOSIA) 2034</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.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2018-10-08 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2019-05-06 | Head office | — |
| SEPA Direct Debit CoreISO 20022 messages | 2018-10-08 | Head office | — |
| SEPA Direct Debit Business-to-BusinessISO 20022 messages | 2018-10-08 | Head office | — |
| Verification of Payee | 2025-08-15 | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Bank identifier · Cyprus
1 code file of 2026-09
| Code | Routes to BIC | Name in the national file |
|---|---|---|
| 904 | ISEMCY22 | XRYMA PLC (ex ISX FINANCIAL EU PLC) |
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.
Network
Branch network
All 5 branch BICs connect to the head office. Most were registered in 2022 (3 BICs) and 2025 (2).
Hover over a branch or group to see its details
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| ISEMCY22FLY | — | Strovolos | KBC NORTH BUILDING 1 MAKRASYKAS STROVOLOS 2034 STROVOLOS CYPRUS | — | 2026-09-14 |
| ISEMCY22IBU | INTERNATIONAL BUSINESS UNIT | Strovolos | KBC NORTH BUILDING 1 MAKRASYKAS STROVOLOS 2034 STROVOLOS CYPRUS | — | 2026-09-14 |
| ISEMCY22LAT | — | Strovolos | KBC NORTH BUILDING 1 MAKRASYKAS STROVOLOS 2034 STROVOLOS CYPRUS | — | 2026-09-14 |
| ISEMCY22OPN | — | Strovolos | KBC NORTH BUILDING 1 MAKRASYKAS STROVOLOS 2034 STROVOLOS CYPRUS | — | 2026-09-14 |
| ISEMCY22RVM | — | Strovolos | KBC NORTH BUILDING 1 MAKRASYKAS STROVOLOS 2034 STROVOLOS CYPRUS | — | 2026-09-14 |
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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
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of TIPS participants and reachable parties.
- National bank codes—Cyprus (Source: Central Bank of Cyprus).
- EBA PSD2 Register—European Banking Authority (EBA) · register ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- 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.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Matched on LEI by Elucidate.
- 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: xryma.com (official website) · original; Nikogiannis Karantzis: xryma.com (official website) · original; Christakis Taoushanis: xryma.com (official website) · original; Ajay Treon: xryma.com (official website) · original; Serge Prostran: isx.financial (official website) · original; Andreas Artemiou: isx.financial (official website) · original; Dominic Melo: xryma.com (official website) · original.
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