Reference Case Number: FOI8409
Freedom of Information: Right to know request:
Under the Freedom of Information Act, I would like to know:
The number of new e-payments businesses registered with the FCA
I would like this data for each of the last 5 years, with the year ending on March 31st, or whichever end year is most convenient. If this is not possible, please could I have the data for this question for each of the last 3 years, with the year ending on March 31st, or whichever year end is most convenient. If it is not possible to provide data for each of the last 3 years, please provide data for each of the past 2 years.
FCA response:
Please note that we do not have a formal definition for e-payments firms. The data below has been compiled by identifying all newly authorised or registered payments firms whose permissions would enable them to carry out e-payments. However, these permissions cover other types of activities beyond just e-payments.
We have also provided the number of e-money firms that have been authorised and registered for the same period. All of these firms are likely to do some form of e-payments given the nature of the e-money business model.
| Year | New Payments Firms | New E-money Firms |
|---|---|---|
| 2016/2017 | 25 | 38 |
| 2017/2018 | 39 | 24 |
| 2018/2019 | 64 | 37 |
| 2019/2020 | 43 | 38 |
| 2020/2021 | 43 | 48 |