UP is an electronic money institution focused on e-wallets and online payments. Incorporated in France, UP is authorized and regulated by the Banque de France.
UP do not conduct operations with cryptocurrencies.
UP is authorized by the Banque de France (reference number 63010) for issuance of electronic money, refund of electronic money, withdrawing cash from a payment account, 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 8 June 2018.
Due to EEA passport rules UP, can conduct its activities in any of the 31 EEA member states. UP do not participate in deposit guarantee schemes.
UP is a SWIFT member.