PAYWARD SERVICES LIMITED

Reference number: 1010381

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

  • No website on the FCA register

  • No phone number on the FCA register

  • Verified address

    6th Floor, One London Wall, London, EC2Y 5EB, United Kingdom

Also trades as
  • Krak
  • Kraken

Company details

From the company's Companies House record.

Company number
12861311
Company status
Active
Company type
Private limited company
Incorporated
7 September 2020 (5 years old)
Registered office
6th Floor One London Wall, London, EC2Y 5EB, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Bivu Das Director Mar 1984 30 Nov 2023
Mathieu Doidy Director Sep 1979 17 Dec 2024
Natasha Isobel Louise Powell Director Oct 1979 17 Dec 2024
Louise Marie Smith Director Jun 1972 10 Feb 2026

Activities and protection

What they can do, and how you are protected

  • Handle payments & transfers Funds safeguarded
    Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
Show FCA detail (7 permissions)
  • a) Services enabling cash placement on a payment account
  • b) Services enabling cash withdrawals from a payment account
  • c) Execution of payment transactions (not covered by a credit line)
  • d) Execution of payment transactions (covered by a credit line)
  • e) Issuing payment instruments or acquiring payment transactions
  • f) Money remittance
  • h) Issuing Electronic Money

Limits on what they may do

  • Payward Services Limited is required to refrain from providing account information services or payment initiation services
    The institution is required to refrain from providing account information services or payment initiation services for an indefinite period
  • Agents and distributors
    The firm will not onboard any agents or use any distributors.
  • Unrelated payment services
    The firm will not provide any payment services which are not related to the issuing of e-money (i.e. unrelated payment services)
  • Director or person responsible for management at the firm
    The firm will appoint a UK based independent non executive director to the board within 12 months of authorisation

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

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Common questions

Frequently asked questions

Is PAYWARD SERVICES LIMITED FCA authorised?
Yes, PAYWARD SERVICES LIMITED (FRN 1010381) is authorised by the FCA to carry out regulated activities.
Is my money safe with PAYWARD SERVICES?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about PAYWARD SERVICES to the Financial Ombudsman Service, free of charge.
Is PAYWARD SERVICES a scam or clone?
PAYWARD SERVICES is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is PAYWARD SERVICES's Firm Reference Number (FRN)?
PAYWARD SERVICES's FRN is 1010381. You can verify it on the FCA register.