Paycorp Limited is officially owned by Steven Kark and Rowan Swartz – the founders of ATM Solutions, the first Independent ATM Deployer (IAD) in South Africa and owners of the Paycorp group companies. The company is headquartered in The Republic of Vanuatu and operates under the licence of the Vanuatu Financial Services Commission (VFSC). According to some reports, it is believed that Russian Liubov Svenzhentseva is the beneficial owner of Paycorp Limited. She also owns Payeer and is registered as a nominee director at Paycorp Limited.