Article details
On October 15, 2026, ePayments Systems Limited (EPS) officially entered special administration, as confirmed by the UK Financial Conduct Authority (FCA). Mark Boast and Allister Manson from Opus Restructuring LLP have been appointed as joint special administrators to oversee the firm's operations and facilitate customer claims.
EPS holds FCA authorization to issue e-money under the Electronic Money Regulations 2011. The primary responsibility of the appointed administrators is to manage pending client claims and ensure the safe return of funds to affected customers where feasible while keeping the firm regulated during the proceedings.
This administrative measure highlights the ongoing regulatory oversight within the European e-money and fintech sectors. Customers and market participants holding balances with digital payment providers are advised to follow official communication channels provided by the joint administrators to process their financial claims.
