FinTech news, Features and updates on Payler products.
Payler Ltd (Registration No. 12535817, whose registered office is 25 Cabot Square, London, England, E14 4QA), is an Electronic Money Institution regulated by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FRN 942184). Client funds are safeguarded in a dedicated account held in an authorized credit institution. The Financial Services Compensation Scheme (FSCS) does not apply.
Payler Ltd also acts as a distributor of electronic money on behalf of PayrNet Ltd which is an Electronic Money Institution authorised by the FCA under the Electronic Money Regulations 2011 (EMR's) with Firm Reference Number 900594. For the e-money accounts opened as part of distributor model above all related payment services will be provided by PayrNet Ltd. PayrNet Ltd. is respectively responsible for safeguarding all relevant customer funds with an authorised credit institution for the accounts opened as part of distributor model.