License of Wise Wolves Payment Institution

In the Republic of Cyprus the provision of payment services and execution of money transfers is regulated by the Provision and Use of Payment Services and Access to Payment Systems Law of 2018 ("Law"), which transposed into national law the provisions of Directive (EU) 2015/2366 of the European Parliament and of the Counsil of 25 November 2015 on payment services in the internal market (commonly known as PSD2).

Only an authorised by competent authority of home European Member State payment service provider (authorised credit institution or authorised payment institution or authorised e-money institution) can provide payment services in European Union. The competent authority for authorization and supervision of payment service providers in Cyprus is the Central Bank of Cyprus. To be authorised, a payment service provider must comply with highest standards, preconditions and requirements set by European regulatory authorities, i.e. to possess adequate equipment, software, internal control mechanisms, to be able to strictly observe the minimum amount of own funds. As well, an assessment of suitability and adequacy of organizational structure, individual suitability of each member of management body and key function holders, suitability of qualifying holders is to be performed by a competent authority.

Wise Wolves Payment Institution Limited has obtained in a due course of company’s assessment by the Central Bank of Cyprus, the Authorisation (license) for provision of payment services to its customers.

Being a customer of WWPI, you can use your account with us for your day-to-day payment transactions, i.e.:

  • Place funds* on your account
  • Execute payment transactions to the third parties
  • Receive payment transactions from the third parties

* except cash

Payment transactions can be executed to/received from accounts kept with other payment service providers (banks, e-money institutions, payment institutions) or, of course, to/from accounts kept with WWPI.

Wise Wolves Finance Limited is supervised and regulated by CySEC, Licence №337/17, registration №361580 and is a member of Investor Compensation Funds (ICF). Wise Wolves Capital (EU) Limited is supervised and regulated by CySEC, Licence №186/196, registration №360935. Wise Wolves Payment Institution Limited is regulated by Central Bank of Cyprus, Licence, registration №375477
Customer Support
Wise Wolves Payment Institution Limited aims to offer to its customers payment services of a highest standards meeting our customers’ needs. We realise that sometimes our services or products might not meet your expectations despite our best intentions. Please consider to contact our Customer Support Team for help or clarifications you may need.
Fee Information
Fee Information Document (applies to accounts of physical persons only) contains fees for the most representative services related to the payment account. Сomplete pre-contractual and contractual information on all the services is provided in other documents. You may contact us for details.