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Jazari Money is a trading name of Alif Financial LTD (No. 13467148) registered in England & Wales with registered office at 6 Queensgate Court, 44 Alexandra Grove, London N12 8HL. Jazari Money is an agent of PayrNet Limited (No. 09883437) registered in England & Wales with registered office at 3rd Floor, Vintners’ Place, 68 Upper Thames Street, London EC4V 3BJ and is authorised by the Financial Conduct Authority (FCA No. 900594) under the Electronic Money Regulations 2011 to issue electronic money and provide payment services. It is a wholly owned subsidiary of Embedded Finance Ltd and operates under the trading name "Railsr". Jazari Money cards are issued by PayrNet Limited under licence from Visa Europe. Visa is a registered trademark of Visa International Service Association. Funds are held in safeguarded accounts in accordance with regulatory requirements and are not protected by the Financial Services Compensation Scheme (FSCS). Money received in exchange for e-money is not treated as a deposit.
The Financial Services Compensation Scheme does not provide coverage for electronic money products. Consequently, there is no other compensation scheme in place to safeguard against losses incurred from electronic money accounts. Your funds will be held in one or more segregated bank accounts with a regulated third-party credit institution, in accordance with the provisions of the Electronic Money Regulations 2011. In the improbable event that Jazari, Payrnet, or any other entity becomes insolvent, your electronic money will be safeguarded and held in secure accounts. Your funds will not be utilised for any other purpose. However, in the unlikely scenario that the credit institution holding the safeguarded funds becomes insolvent, your funds may be at risk.
The Jazari Card and Account are issued by Payrnet. PayrNet Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 (FCA reference 900594) for the issuing of electronic money and payment services.
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