Entities that are not authorised to accept deposits or other repayable funds, provide payment services and issue electronic money - “NEW GENERATION MARKET SIA', operating under[...]

1. Banco de Portugal warns that the entity 'NEW GENERATION MARKET SIA', operating under the name 'IBAN WALLET', namely through the website https://www.ibanwallet.com/pt/, is not authorised to carry out in Portugal any financial activity subject to the supervision of Banco de Portugal, in particular the activities of accepting deposits or other repayable funds, providing payment services and issuing electronic money.

2. In Portugal, the activities of accepting deposits and other repayable funds, providing payment services and issuing electronic money, as set forth in Article 4 (1) (a), (c) and (r) of the Legal Framework of Credit Institutions and Financial Companies (approved by Decree-Law No 298/92 of 31 December 1992), may only be carried out by the entities authorised for the purpose in accordance with the provisions laid down in Articles 8 and 10 of the above-mentioned Legal Framework

3. The list of undertakings authorised to carry out the activities of accepting deposits and other repayable funds, providing payment services and issuing electronic money is available on Banco de Portugal's website - www.bportugal.p t - and on Portal do Cliente Bancário - https://clientebancario.bportugal.pt.