Zairos B.V. collaborates with licensed electronic money institutions and payment service providers as an authorized distributor. These institutions are highly regulated entities permitted to issue electronic money and provide financial services.
An electronic money institution (EMI) is a financial entity that is licensed to issue electronic money and provide related financial services. Electronic money, often stored electronically on prepaid cards or digital wallets, represents a digital alternative to physical cash. EMIs facilitate electronic payments, transfers, and other financial transactions. They are regulated entities that must adhere to specific regulatory standards to ensure the security and integrity of electronic money services.
Safeguarding is a legal imperative for electronic money institutions (EMIs) under regulatory authorities like the Bank of England and the National Bank of Belgium. Mandated to protect customer funds, comply with stringent regulations, and uphold financial stability, safeguarding is not just a best practice but a mandatory requirement.
iBanFirst S.A. is duly authorised and regulated by the National Bank of Belgium (under CBE number 0849.872.824) as a payment institution. It is a direct member of the SWIFT network and is certified to make payments throughout the SEPA zone. As a payment institution, iBanFirst S.A. only offers hedging solutions (forward, flexible forward and dynamic forward) connected to underlying payment transactions. iBanFirst S.A. does not offer options or any other financial instruments for investment or speculative purposes.
