ARE MY FUNDS SAFEGUARDED?

Modified on Sun, 21 Apr 2024 at 06:50 PM

Swiipr is the operator that connects you to Paynetics UK Ltd (Company number 12481335), a wholly owned subsidiary of Paynetics AD with its registered address at 1st Floor, 18 Devonshire Row, London, England, EC2M 4RH. Paynetics UK is an electronic money institution authorised and regulated by the Financial Conduct Authority (firm reference number 942777) for the issuance of e-money and provision of payment services in the UK. To ensure client funds are safe, Paynetics UK follows a process known as “safeguarding”, which is a regulatory requirement for all electronic money institutions. In this process Paynetics UK keeps client funds separate from its own funds and place them in a “safeguarding account” with a bank.

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