Paynovate is an electronic money institution focused on issuing and acquiring IBAN accounts. Incorporated in Belgium, Paynovate is authorized and regulated by the National Bank of Belgium.
Paynovate do not conduct operations with cryptocurrencies.
Paynovate is authorized by the National Bank of Belgium for issuance of electronic money, refund of electronic money, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 26 March 2019.
Due to EEA passport rules Paynovate, can conduct its activities in any of the 31 EEA member states. Paynovate do not participate in deposit guarantee schemes.