Please be advised that your K Wearables Prepaid Debit Mastercard will no longer be issued by PSI-Pay Ltd and will be issued by Moorwand Ltd; this change will take effect no sooner than 60 calendar days from the date of this letter. We will inform you of a specific date nearer the time

Please note, Moorwand Ltd's registered office has changed since this article was published: Irongate House, 28-30 Dukes Place, London. EC3A 7LP, United Kingdom.

Moorwand Ltd, a company incorporated in England and Wales under registration number 08491211, the registered office of which is Birchin Court, 20 Birchin Lane, London, EC3V 9DU. Moorwand Ltd is the issuer of Cards pursuant to a license from Mastercard. Moorwand Ltd is the issuer of the electronic money to you and is regulated by the Financial Conduct Authority (“FCA”) under the Electronic Money Regulations 2011 (FCA register number 900709) as an electronic money issuer.

There will be no change to the existing K Ring (s) in your possession and you can continue to use it as usual. 

If you do not want to continue with your K Ring or K Wearables Prepaid Debit Mastercard, you can cancel it at any time by contacting us via our support channels on the website, by raising a ticket via our online ticket system  or by emailing Please note that you will be required to return the K Ring using our Freepost address. We will provide you with further information about the process once we received your cancellation request. We would then arrange to reimburse any funds remaining, to you free of charge.

We look forward to continuing to serve you.

K Wearables
The team behind K Ring

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31 Jan 2020