# Paysend and Avosend: FCA-Licensed Transfers and the Russia Corridor > Paysend PLC is an FCA-authorised EMI (FRN 900004); its Russian arm's Avosend brand sends money from Russian cards to 49 countries. Fees, limits, who it suits. Author: private.law — private.law editorial team (https://wiki.private.law/en/authors/private-law) Last modified: 2026-08-14T13:14:00.000Z Canonical: https://wiki.private.law/en/paysend Topics: banking Jurisdictions: uk, russia Functional tags: personal-banking, accepts-russian-clients Product tags: banking Semantic tags: personal-banking, accepts-russian-clients, banking --- This is a provider case study, not a product recommendation. Use it with the [personal accounts guide](https://wiki.private.law/en/personal-accounts) and the [source-of-funds guide](https://wiki.private.law/en/source-of-funds). **Primary evidence:** [Paysend's supported-country page](https://paysend.com/en/help/info/supported_countries). Paysend combines a UK electronic-money institution, Paysend PLC, with a Russian non-bank credit organisation that operates the Avosend service. The FCA register and Bank of Russia register establish the two regulatory records. On 14 August 2026 Paysend's official support page stated that sending was available from 49 countries and receiving in more than 170; Avosend published a separate live list for transfers from Russia. ## What the service is Paysend PLC operates the UK-regulated global service. NCO Payments and Settlements operates the Russian payment leg associated with Avosend. The two licences establish regulatory status, but they do not make either service a bank account or guarantee that every customer or corridor is eligible. The appropriate use is as a transaction rail within the broader [personal accounts guide](https://wiki.private.law/en/personal-accounts), with live checks of identity requirements, payout method, price and [source-of-funds](https://wiki.private.law/en/source-of-funds) documentation. ## Key parameters | Parameter | Value | | --- | --- | | Legal entities | Paysend PLC \(Scotland, SC376020\); NCO "Platezhi i Raschety" \(JSC\), Samara, Russia \(INN 6316049606\) | | Regulation | FCA Authorised EMI, FRN 900004, since 02.02.2018; Bank of Russia NCO licence No. 3324-R dated 12.01.2018 | | Global Paysend | Sending from 49 countries and receiving in 170+; fees vary by route | | Avosend | Transfers from Russian-issued cards to live destinations; fees vary by route and amount | | Avosend corridors | Georgia, Armenia, Kazakhstan, Belarus, Turkey, UAE, Israel, Serbia, part of the EU \(credited in USD\) | | Limits | Russia→Uzbekistan approx. 16.5M UZS per day \(per [avosend.com](http://avosend.com/)\); other corridors vary | | Onboarding | Avosend: phone number, full name and address; global Paysend: residents of supported sending countries | | Sanctions status | Check current official sanctions lists at transaction time | ## Avosend: transfers out of Russia Avosend's [live destination list](https://avosend.com/help/dostupnye-strany-i-napravleniya/otpravka-perevodov-iz-rossii/) shows the countries and payout methods currently available from Russian-issued cards. Its calculator displays route- and amount-specific pricing, so this profile does not hard-code a flat fee. ## Global Paysend Paysend's [official country page](https://paysend.com/en/help/info/supported_countries) stated on 14 August 2026 that sending was available from 49 countries and receiving in more than 170. Eligibility and the fee depend on the sending market and route. ## Licences Paysend PLC has been an FCA-authorised Electronic Money Institution since 2 February 2018 — FRN 900004, verifiable in the [FCA register](https://register.fca.org.uk/s/firm?id=001b000000m4IWlAAM). An EMI licence means safeguarding of client funds, not deposit insurance: there is no FSCS coverage. The Russian leg, NCO "Platezhi i Raschety" \(JSC\), holds Bank of Russia licence No. 3324-R dated 12 January 2018, stated in the footers of [paysend.com/ru-ru](http://paysend.com/ru-ru) and [avosend.com](http://avosend.com/). The two entities are separately regulated in jurisdictions that are, to put it mildly, not aligned — which is precisely what makes the construct work. ## Regulatory and operational context The [FCA register](https://register.fca.org.uk/s/firm?id=001b000000m4IWlAAM) identifies Paysend PLC as an authorised electronic money institution, while the [Bank of Russia register](https://www.cbr.ru/registries/nps/oper_zip/) lists NCO Payments and Settlements under licence 3324-R. These are separate regulated entities. This profile does not make a current negative-sanctions assertion; sanctions status and corridor availability must be checked at transaction time. > 🍓 Paysend and Avosend are transfer rails, not deposit accounts. Destination availability, payout method and price are live product data. ## Who it suits Avosend suits holders of Russian bank cards who need a cheap, legal transfer to Georgia, Armenia, Kazakhstan, Turkey, the UAE, Israel, Serbia or the USD-credited EU corridors — especially now that KoronaPay's EU reach has been compressed. Global Paysend suits residents of its supported sending countries who need card-to-card transfers and verify the live route price. It suits neither those looking for a place to hold balances \(it is a transfer rail, not an account\) nor Russian-passport holders without local residence hoping to use the UK/EU product — that case is unpublished, so check with support before relying on it. ## FAQ ### **Is Paysend regulated?** Yes, twice over. Paysend PLC is an FCA-authorised EMI \(FRN 900004, since 02.02.2018\), and the Russian leg, NCO "Platezhi i Raschety" \(JSC\), holds Bank of Russia licence No. 3324-R \(12.01.2018\). ### **What is Avosend?** Avosend is the consumer brand of the Russian NCO. Available destinations, payout methods and fees are shown in its live list and calculator. ### **Is this a bank account?** No. Paysend and Avosend are payment-transfer services; do not treat them as deposit accounts. ### **Can Russian citizens use the global \(UK/EU\) Paysend?** Officially unpublished. Residents of supported sending countries can; whether a Russian passport without a local residence permit passes onboarding is not stated anywhere official — check with Paysend support. ### **How does Avosend compare to KoronaPay after July 2026?** Avosend may serve routes that [KoronaPay](https://wiki.private.law/en/koronapay) does not, but availability and price must be checked immediately before transfer. Cite as: [https://wiki.private.law/en/paysend](https://wiki.private.law/en/paysend) \(reviewed 2026-08-14\). --- ## Sources - [FCA register — Paysend PLC, FRN 900004](https://register.fca.org.uk/s/firm?id=001b000000m4IWlAAM) - [Bank of Russia — NCO Payments and Settlements, licence 3324-R](https://www.cbr.ru/registries/nps/oper_zip/) - [Paysend — supported sending and receiving countries](https://paysend.com/en/help/info/supported_countries) - [Avosend — current destinations from Russia](https://avosend.com/help/dostupnye-strany-i-napravleniya/otpravka-perevodov-iz-rossii/) --- ## FAQ ### Is Paysend regulated? Yes, twice over. Paysend PLC is an FCA-authorised EMI (FRN 900004, since 02.02.2018), and the Russian leg, NCO "Platezhi i Raschety" (JSC), holds Bank of Russia licence No. 3324-R (12.01.2018). ### What is Avosend? Avosend is the consumer brand of the Russian NCO. Available destinations, payout methods and fees are shown in its live list and calculator. ### Is this a bank account? No. Paysend and Avosend are payment-transfer services; do not treat them as deposit accounts. ### Can Russian citizens use the global (UK/EU) Paysend? Officially unpublished. Residents of supported sending countries can; whether a Russian passport without a local residence permit passes onboarding is not stated anywhere official — check with Paysend support. ### How does Avosend compare to KoronaPay after July 2026? Avosend may serve routes that KoronaPay does not, but availability and price must be checked immediately before transfer. Cite as: https://wiki.private.law/en/paysend (reviewed 2026-08-14). --- ## Factual claims - Paysend's official country page stated on 14 August 2026 that sending was available from 49 countries and receiving in more than 170. - Paysend PLC has been an FCA-authorised Electronic Money Institution since 2 February 2018 — FRN 900004, verifiable in the FCA register. - The FCA register identifies Paysend PLC as an authorised electronic money institution, while the Bank of Russia register lists NCO Payments and Settlements under licence 3324-R.