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Payment Systems

Opening an account in a Payment Systems: selection of a Payment System

A payment system is any system used to settle financial domestic and international transactions through the transfer of monetary value. Through payment systems businesses get access to a set of payment tools, allowing them to manage every area of the global business.

State-of-the-art technology and a data-driven strategy, that characterize payment systems, make electronic payments convenient and highly secure. Nowadays payment systems may use cash-substitutes. This includes debit cards, credit cards, electronic funds transfers, direct credits, direct debits, internet banking, etc.

We have a long-term experience in working with over 40 payment systems and are ready to assist you in taking advantage of this convenient payment tool, apart from opening an account in the UAE banks or all banks.

 


EMI/Payment Institution

Country

Launch Year

License Type. Regulatory Body  

Target business

IBAN

Price USD  

Unlimit  

Cyprus

2018

EMI licenced by the Central Bank of Cyprus

IT, e-commerce and innovation businesses are most welcome

+  

2.400 

I-Vega  

Cyprus

2015

EMI licenced by the Central Bank of Cyprus

Accounts for offshore companies  

+  

2.400 

ChePay  

Lithuania

2018

EMI licensed by Lithuanian Central Bank

No accounts for offshore companies, but OK for Hong Kong, UAE, Malta, Romania and Cyprus  

+

2.400 

 

Bankera

 

Lithuania

2017

EMI licensed by Lithuanian Central Bank

Accounts for offshore companies: BVI, Seychelles, Hong Kong, UAE

+

2.400 

eBerry Wallet  

UAE, United Kingdom

2009

Regulated by Dubai Financial Services Authority (DFSA) for Providing Money Services, Arranging Credit and Advising on Credit, EMI licensed by Financial Conduct Authority (FCA)

No accounts for offshore companies, but OK for Hong Kong, UAE.

+  

2.400 

Emerald24

United Kingdom

2019

EMI licensed by Financial Conduct Authority (FCA)

Corporate and merchant accounts

+

2.400 

X Pay

United Kingdom

2018

EMI licensed by Financial Conduct Authority (FCA)

Corporate and merchant accounts

+

2.400 

SeToGo  

United Kingdom

2018

EMI licensed by Financial Conduct Authority (FCA)

Not for offshore companies. Merchant accounts  

2.400 

Revolut  

United Kingdom

2015

EMI licensed by Financial Conduct Authority (FCA)

Only for companies that are registered and have a physical presence in EEA and Switzerland

+

2.400 

nomoPay

United Kingdom

2019

EMI licensed by Financial Conduct Authority (FCA)

Accounts for offshore companies.

+  

2.400 

PayperPort  

United Kingdom

2017

EMI licensed by Financial Conduct Authority (FCA)

Accounts for offshore companies – on a case-by-case basis, but not prohibited. Focused on merchant accounts.

+

2.400 

TREEPAY  

United Kingdom

2018

EMI licensed by Financial Conduct Authority (FCA)

Accounts for offshore companies – on a case-by-case basis, but not prohibited.

+  

2.400 

DOpay  

United Kingdom

2019

EMI licensed by Financial Conduct Authority (FCA)

Accounts for offshore companies. Licensed crypto business is accepted

+  

2.400 

Oppay  

United Kingdom

2019

EMI licensed by Financial Conduct Authority (FCA)

Focused on merchant accounts.

2.400 

Pixpay  

United Kingdom

2008

EMI licensed by Financial Conduct Authority (FCA)

Merchant accounts and corporate accounts. Licensed crypto business is accepted

+  

2.400 

Bilderlings  

United Kingdom

2015

EMI licensed by Financial Conduct Authority (FCA)

Merchant accounts and corporate accounts. FX solutions.

+  

2.400 

Skrill  

United Kingdom

2019

EMI licensed by Financial Conduct Authority (FCA)

Focused on merchant accounts. Not for CIS residents.

2.400 

Wise  

United Kingdom

2011

EMI licensed by Financial Conduct Authority (FCA)

Accounts for offshore companies. For EU residents.

+

2.400 

Connectum  

United Kingdom

2018

EMI licensed by Financial Conduct Authority (FCA)

Not for offshore companies. Merchant accounts.

+

2.400 

LetPay

Lithuania

2007

EMI licensed by Lithuanian Central Bank

Merchant accounts only for European companies. Possible to issue cards (VISA)

+

2.400 

Cool Limit

Kazakhstan, Canada

2011

AFSA (Kazakhstan) and Fintrac (Canada)

Accept payments in crypto

+

2.400 

Airwave Pay

Hong Kong

2015

Money Service Operator Licence

Accounts for offshore companies (BVI, Seychelles). Possible to issue cards

+

2.400 

WeLimit

United Kingdom

2021

EMI licensed by Financial Conduct Authority (FCA)

Accounts for offshore companies. Possible to issue cards

+

2.400 

Aer Pay

Hong Kong

2019

Money Service Operator Licence

Accounts for companies from the Seychelles, BVI, UAE, Cyprus, Hong Kong. Provide USD accounts access to Fedwire, ACH in US

+

2.400 

DinLimit

United Kingdom

2004

EMI licensed by Financial Conduct Authority (FCA)

Accounts for companies from the UK, EU, Hong Kong, Singapore, UAE, Canada. Merchant accounts for European companies on condition that the director of the company is a European

+

2.400 

HAWEX

United Kingdom

2020

EMI licensed by Financial Conduct Authority (FCA)

Work with 160 jurisdictions. Open accounts for offshore companies. Not work with Gambling

+

2.400 

JunoPay

United Kingdom

2018

EMI licensed by Financial Conduct Authority (FCA)

Give preference to clients who need to conduct many transactions in different currencies. Do not open accounts for clients with holding structures, savings intentions

+

2.400 

Inter Limit

United Kingdom

2011

EMI licensed by Financial Conduct Authority (FCA)

Not open for offshore companies

+

2.400 

L-Pay

Lithuania

2021

EMI licensed by Lithuanian Central Bank

It is possible to open personal and corporate accounts + accounts on trusts / payments / crypto

+

2.400 

OpenPayd

United Kingdom

2015

EMI licensed by Financial Conduct Authority (FCA)

Not open for offshore companies

+

2.400

Paysera

Lithuania

2004

EMI licensed by Lithuanian Central Bank

Do not open for offshore companies. 

+

2.400

Payoneer

US, Hong Kong, Japan, UK etc.

2005

United States Securities and Exchange Commission

IT clients are preferred. Open an account for a U.S. company

 

+

2.400

MisterTango

Lithuania

2014

EMI licensed by Lithuanian Central Bank

Open accounts for crypto-related activities. Open accounts for offshore companies. 

+

2.400

Letto

Lithuania

2017

EMI licensed by Lithuanian Central Bank

Reference letter is required

+

2.400

FG Pay

United Kingdom

2008

EMI licensed by Financial Conduct Authority (FCA)

Payment Service Providers, MSB’s, Forex and Gaming clients, Oil and Gas companies, Financial Institutions, Media companies, etc. can open accounts

+

2.400

Moven Limit

United Kingdom

2016

EMI licensed by Financial Conduct Authority (FCA)

It is possible to open an offshore account

+

2.400

SH Limit

Australia

2020

Australian Securities & Investments Commission (ASIC)

European connection required. Offer corporate accounts as well as individual accounts for UBOs and/or directors

+

2.400

Mixit Pay

Malta

2015

Malta Financial Services Authority (MFSA)

Currently accounts are only opened in EUR, incoming payments must be made in EUR, outgoing payments can be made in different currencies

+

2.400

Findactive Limit

Malta

2018

Malta Financial Services Authority (MFSA)

Do NOT open personal accounts, but a director/owner of a company who already has a corporate account will be able to open a personal account on an individual basis. It is possible to open an offshore account/ SWIFT payments. Work with crypto and forex, but only with EU licence

+

2.400

GRP Limit

Lithuania

2018

EMI licensed by Lithuanian Central Bank

It is possible to open an offshore account

+

2.400

Money PayPoint

United Kingdom

2018

EMI licensed by Financial Conduct Authority (FCA)

It is possible to open an offshore account (case by case)/ Not work with forex and crypto. 

+

2.400

Pay Limit

United Kingdom

2017

EMI licensed by Financial Conduct Authority (FCA)

Do not open accounts for classic offshore companies. Accept clients of any risk level from various business spheres: wholesale trade, logistics, medicine, etc.

+

2.400

Lian Pay

China

2003

People’s Bank of China

Payments can be made only to the following countries: China, USA, Australia, Hong Kong, Japan, Taiwan, Korea, Canada, Singapore, UK, France, Germany, Italy, Spain, Netherlands, Israel, India, Brazil, Switzerland, Austria, Ireland, Czech Republic, Belgium, Poland, Malaysia, Philippines, Vietnam. 

+

2.400

Next Online

UAE

1999

CB UAE

Opens accounts for local companies (Mainland, Free Zone Companies)

2.400