Data Protection

1.                  TicknPay Technology Europe appreciates your privacy and places the highest importance on protecting the integrity of your data, whether about you, your company, your transactions, your products or your services. This section of our site is intended to provide you with information about personal data processing and data protection in TicknPay Technology Europe.

2.                  We arrange and process the personal data we collect in the course of our business activities in several different data files. Before further continuing your activities with TicknPay Technology Europe, we recommend you to familiarize yourself with TicknPay Technology Europe data protection information. You can find the data protection information relevant to you by navigating to subpages depending on your role in relation to TicknPay Technology Europe. Links to subpages are located below and in the menu.

·         Cookie Statement

·         Privacy Policy

At any time, if you have any questions regarding data protection in TicknPay Technology Europe, you may contact us preferably by sending an email to data.protection@ticknpay.com

Cards & IBAN Programs:

For customers based in the European Union, the Payment Account and/or Mastercard cards as applicable are issued by Paynetics AD with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695. Paynetics AD is an electronic money institution authorised and regulated by the Bulgarian National Bank for the issuance of e-money and provision of payment services in the EU. Weavr (Europe) Ltd is acting on behalf of Paynetics AD, as a registered agent on the territory of the EU member states, and is entered into the public register of e-money institutions’ agents kept by the Bulgarian National Bank. 

For customers based in the United Kingdom, the Payment Account and/or Mastercard cards as applicable are issued by Paynetics UK, Company number 1248133. Paynetics UK is 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. Weavr Ltd is a distributor of Paynetics UK on the territory of the UK. 

Paystratus Group Limited provides software and support services to Weavr Ltd and Weavr Europe Ltd. 

To ensure your funds are safe, Paynetics AD and Paynetics UK follow a process known as ‘safeguarding’ which is a regulatory requirement for all EMIs. In this process Paynetics AD, respectively Paynetics UK, keeps your money separate from its own (firm) money and places 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 in the EU (£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 and funds. For further details on the safeguarding, visit https://www.paynetics.digital/safeguarding-of-clients-funds/