The Payment Account and Mastercard Cards are issued by Paynetics AD (through Paystratus Group Ltd, a technical provider of Paynetics AD) with company address 76A James Bourchier Blvd, 1407 Sofia, Bulgaria, company registration number 131574695 and VAT BG131574695, pursuant to a licence issued by Mastercard International Incorporated and the Bulgarian National Bank.To ensure the safety of your money, Paynetics uses a procedure known as "safeguarding" which is required by law for all EMIs. In this process, Paynetics keeps your money separate from its own money and places it in a safeguarding account at a bank.