Payment Services

Wise Wolves Payment Institution Business Model
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Payments are the circulatory system of any business. WISE WOLVES PAYMENT INSTITUTION Limited (WWPi) is your reliable authorised payment service provider, a healthy alternative to traditional banks in the field of settlements (license of the Central Bank of Cyprus 115.1.2.32).

Our goal is to allow customers more freedom and opportunities when making payments around the world, significantly saving time on paperwork, opening an account and making payments.

WWPi's key activities
Contact Us Our licenses

WWPi is reliable partner for large and medium corporate clients of broad range of industries and business activities in the sphere of payments and transfers.

WWPi is a European payment service provider based in Limassol - the financial center of Cyprus.

WWPi is included to the official Registry of the European Banking Authority (EBA) operating under the license of Central Bank of Cyprus (115.1.2.32).

WWPi’s team consists of professionals with more than 15 years of experience in the field of banking, finance, payments and settlement business, risk management, technologies and process management, which allows us to find for our customers and partners the most profitable and innovative business solutions thus provide high quality service.

To make cooperation with WWPi as comfortable as possible for customers, we provide a convenient and user friendly web-interface «PI-Online», which complies with European security standards and allows customers to obtain information about the status of accounts quickly and interact with WWPi in terms of submitting payment orders and communication easily.

WWPi is a member of the SWIFT worldwide interbank financial communication system, which allows us to make international payments in the shortest possible time and with guaranteed security.

Dedicated SWIFT code – WWPICY2L.

History

  • October 2017
    WWPi has been established as a part of the Wise Wolves Group for providing payment services, thus supplementing the range of professional business support provided to the client making the service more efficient.
  • August 2018
    WWPi is authorised by the Central Bank of Cyprus (license № 115.1.2.32) as a payment institution with the right to provide our customers with payment services.
  • February 2019
    Activation of the license and commencement of operations following the independent auditor’s confirmation on compliance with regulatory and technical requirements.
  • August 2019
    Payment accounts for customers of WWPi are available in the IBAN format (International Bank Account Number)
  • September 2019
    WWPi has obtained a permit (passporting) to provide its services to customers of all the European Union and three countries of the European Economic Area (Iceland, Norway and Liechtenstein)
  • October 2019

    SEPA (Single Euro Payments Area) payments are available - the format of international Bank transfers in EURO within the SEPA area (36 countries and territories: 28 EU Member States plus Iceland, Norway, Liechtenstein, Switzerland, Monaco, San Marino, Andorra and Vatican City State) at a rate equivalent to transfers within one country.

    WWPi receives the Transitional Authorisation from the UK Financial Conduct Authority (FCA) to be able to provide services in the UK after Brexit. More information on Temporary Permissions Regime is available on the official web-site of FCA
  • November 2019
    Extension of services range to Escrow services / ESCROW accounts opening