About
Payz is a prepaid e-money wallet operated by PSI-Pay Ltd, a UK Authorised Electronic Money Institution regulated by the Financial Conduct Authority (FRN 900011) and a Mastercard principal member. Users top up a free account by card, local deposit method or bank transfer, then pay online merchants from the stored balance, send money to other Payz users or spend with Payz physical and virtual Mastercard cards. Payments can be sent and received in more than 50 currencies. Funds are safeguarded rather than FSCS-protected, and transfers and cards unlock only from the Silver tier of a five-level account system. Payz dates its service back to 2000.
Rebranded from ecoPayz to Payz in 2023. Nuvei's catalogue still uses the old name.
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