Payset is a regulated high-risk payment processor and the trading name of UK-registered Pay Set Limited,  established in August 2018. It received a license as a payment processor and e-money institution by the UK Financial Conduct Authority (FCA) in June 2020 (Reference number 900920). The FCA has imposed the restriction that electronically issued “the money cannot be used to purchase cryptocurrencies.” The company was co-founded by the Israeli fintech veteran Rudi Reager, born in April 1978. Until today, he is the beneficial owner of this FCA-regulated entity through UK-registered Capitalium Limited (Companies House).

Payset provides its merchants with a dedicated multi-currency account which allows them to bring their banking out of the old days of high fees, excessive regulations, and constant delays and into the modern era where payments move swiftly to and from clients and suppliers regardless of currency or region.