2 Nov 2022

We’re expanding to Singapore!

We’re excited to enable the region’s digital businesses with our radically simpler embedded finance solution. Big Weavr news! Team Weavr are in Singapore this week to […]

20 Oct 2022

Join us at Web Summit: “Glastonbury for geeks”

The Web Summit 2022, Lisbon, is dubbed THE most exciting tech conference of the year. And will welcome 70,000+ attendees this November. As unashamed geeks, we’ll be […]

4 Oct 2022

Weavr | Sifted Summit

It’s certainly been an eventful year for the technology sector. From record investments to funding slowdowns, the industry has had its fair share of ups and downs […]

19 Jul 2022

What does embedded finance mean to the Portuguese market?

Marking our recent launch into the Portuguese market, we were excited to bring together over 70 people from the startup and fintech community in the region […]

Guide

What is embedded finance?
Everything you need to know to supercharge your business.
Download guide
Paystratus Group Ltd 2019-2023, All rights reserved.
Weavr is the trading name for Paystratus Group Limited, a company registered in England and Wales with registration number 11677111 and registered office at 128 City Road, London EC1V 2NX United Kingdom.

The Payment account and Mastercard cards are issued by Paynetics AD (via Paystratus Group Ltd, a Technical Provider of Paynetics AD) with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695 and VAT BG131574695, pursuant to license by Mastercard International Incorporated and Bulgarian National Bank.

To ensure your funds are safe Paynetics follow a process known as ‘safeguarding’ which is a regulatory requirement for all EMIs. In this process Paynetics keeps your money separate from its own money and place it in a safeguarding account with a Bank.

Electronic Money issued is not covered by any Deposit Guarantee Scheme which is a government backed scheme offering protection to customers’ funds of up to €100,000 (£85,000 in the UK under the FSCS) per customer. However, in the event of an insolvency, your funds would remain in the safeguarded account at the designated Bank and separated from Paynetics’ accounts.

In the event of Paynetics going out of business, an insolvency practitioner would be appointed to return the funds Paynetics has safeguarded to the customers. This means you would get most of your funds back, except for the costs deducted by the insolvency practitioner for returning the funds to the customers
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