SEPAGA is an E.M.I. (Electronic Money Institution) licensed and regulated from Central Bank of Cyprus. SEPAGA's main activity is the issuance, distribution and redemption of Electronic Money. We offer to international corporate clients a range of financial solutions for managing funds and global payments. We are connected with banks, Payment Service Providers and card processing companies who complete the infrastructure for these services.


SEPAGA as a Cyprus-based limited liability company, licensed by the Central Bank of Cyprus as an Electronic Money Institution (E.M.I.) provides professional services within the framework of the relevant Law (No.86(I) of 2004) and the corresponding Directive (2009/110/EC) of the European Parliament and the European Council. 

Based on strategic agreements SEPAGA purchased a banking software (Probanx), established membership with SWIFT Alliance, obtained a unique BIC number and has also entered into agreements with principal members of the Card Schemes, VISA and MasterCard to provide acquiring services and issuing services to its clients. 

SEPAGA’s goal is to become a principal member of VISA and MasterCard in order to advance and develop its clientele portfolio, services and assets as an EMI. 


SEPAGA’s Board of Directors consists of professionals with many years of experience in the payment industry, consulting, finance, IT and legal industry. Strong advantage are the owners of the company who have deep knowledge and expertise with an international network and associates. 

SEPAGA’s team consists of young driven professionals in a full range of positions such as Compliance, Business Development, Operations, Accounting and IT. 

We pride for our team’s culture, professionalism and passion in doing business!