EMIs & payment institutions
Licensed EMIs and PIs, IBAN accounts.
OKEO
OKEO provides business accounts with a dedicated IBAN, currency conversion and multi-currency payments. The service is operated by Okeo Payments UAB, a…
OFX
OFX is a foreign exchange and international payments business whose UK operations run through UKForex Limited, a company authorised by the Financial Conduct…
Nikulipe
Nikulipe is a payment company that supplies local payment methods to payment service providers and international merchants through a single API integration. It…
Nexpay
Nexpay is a Lithuanian electronic money institution (EMI) that opens business accounts with dedicated IBANs. Fiat accounts are maintained by the licensed…
NayaPay
NayaPay is a Pakistani electronic money institution, operating as NayaPay (Private) Limited and authorised by the State Bank of Pakistan. NayaPay Business is…
myTU
myTU is a Lithuanian electronic money service, operated by UAB Travel Union (company number 305106882), that offers mobile personal and business e-money…
My EU Pay
My EU Pay is a UK payment business, run by My EU Pay Limited (company number 10661695), that offers companies payment accounts and international transfers with…
MultiPass
MultiPass is a provider of multi-currency business accounts for international companies, run by MultiPass Platforms Limited, a UK electronic money institution…
Moorwand
Moorwand is a UK electronic money institution, operating as Moorwand Ltd (company number 08491211), that provides issuing BIN sponsorship and payment…
MoneyNetint
MoneyNetint is a UK electronic money institution, operating as MoneyNetint Limited and founded in 2004, that offers business accounts built around a…
Moneygate Solutions Limited
Moneygate Solutions Limited is a Cyprus-based electronic money institution supervised by the Central Bank of Cyprus (licence 115.1.3.46), with a branch in…
Moneybase
Moneybase is a Maltese payments company, operating as Moneybase Ltd (company C 87193) and licensed by the Malta Financial Services Authority as a financial…
Monerium
Monerium is an Icelandic electronic money institution that links euro bank accounts to blockchain wallets. Its entity, Monerium hf., is supervised by the…
Monavate
Monavate is a regulated payments platform for card programmes, accounts, wallets and money movement, operating through Monavate Limited in the United Kingdom…
Mistertango
Mistertango is a business payment account service run by Secure Nordic Payments, UAB, a Lithuanian electronic money institution supervised by the Bank of…
Mercury FX
Mercury FX is a UK foreign-exchange and payments provider, operated by Mercury Foreign Exchange Limited and founded in 2007, that offers businesses…
Lumon
Lumon provides foreign-exchange transfers and international payment support for private and corporate clients. Its services are split across several regulated…
Key Currency
Key Currency is a UK payment institution that handles international transfers and currency exchange for companies and private clients. The UK entity, Key…
EMIs & payment institutions by country
Related subsections
What an EMI is
An electronic money institution (EMI) is licensed to issue e-money and provide payment services, but not to lend or take deposits like a bank. Client funds are held in safeguarding accounts at partner banks. For payment companies, EMIs are often the most accessible way to get an IBAN account, multi-currency balances and instant transfers. A related category, the payment institution (PI), offers payment services without issuing e-money.
Why payment businesses use EMIs
- Faster, mostly online onboarding compared with traditional banks.
- Virtual IBANs to assign to merchants or clients and reconcile automatically.
- SEPA Instant, Faster Payments and SWIFT through one API.
- Some EMIs serve high-risk segments — iGaming, forex, crypto-related businesses — that banks avoid.
- Card issuing and payout products built on top of the account.
Risks to understand
- Safeguarded money is protected differently from bank deposits; read how the EMI segregates funds.
- EMIs depend on partner banks — if a partner exits, services can change at short notice.
- Account limits and enhanced checks can apply as turnover grows.
- Not every EMI can serve every country of incorporation or every industry.
How to choose an EMI business account
- Licence type and regulator; where the EMI passports its services.
- Currencies, rails and correspondent coverage you actually need.
- Pricing: opening fee, monthly fee, per-transfer charges, FX margin.
- API quality and support for bulk payouts.
- Policy on your vertical and on non-resident companies.
By country
EMI pages by jurisdiction: UK, Lithuania, Malta, Latvia, Poland. If you want your own licence instead, see payment licensing; for card programmes on top of an account, see BIN sponsors & BaaS.
Nominal hub lists institutions but does not open accounts on their behalf. Check Offers or post a request.