EMIs & payment institutions
Licensed EMIs and PIs, IBAN accounts.
Fintecture
Fintecture is a French payment institution, authorised by the ACPR (licence reference 17248 according to the provider), that helps merchants accept payments by…
FOMO Pay
FOMO Pay is a Singapore payment company founded in 2015 and part of FOMO Group, operated by FOMO Pay Pte Ltd from Tahir Building, Robinson Road. It holds a MAS…
HitPay
HitPay is a payment gateway and merchant acquiring service from Singapore, operated by HitPay Payment Solutions Pte Ltd at CapitaSpring. It holds a MAS major…
Inpay
Inpay is a Danish payment institution founded in 2008, operating through Inpay A/S (company number 32317731) in Copenhagen, with an office in London. It holds…
Lemonway
Lemonway is a French payment institution built for marketplaces, e-commerce platforms and crowdfunding. It was founded in 2007 and is based in Paris. Services…
Mangopay
Mangopay is an electronic money institution providing wallet-first payment infrastructure for marketplaces and platforms with several parties to a payment. It…
Modulr
Modulr is an electronic money institution offering payment automation and API infrastructure for settlements, payouts and embedded financial products. The…
MONEI
MONEI is a Spanish payment institution founded in 2019 and based in Málaga, with an office in Barcelona. It accepts online and in-person payments and describes…
Moneycorp
Moneycorp is a provider of international business payments and foreign exchange. Its regulated entity, TTT Moneycorp Limited, is an authorised payment…
Paswix
Paswix is a Lithuanian electronic money institution operating through Payswix, UAB, based in Vilnius. The company says it has served businesses and individuals…
PayAlly
PayAlly is a business payments service offering international companies multi-currency settlements, liquidity management and personal support. Its UK entity is…
PayDo
PayDo combines multi-currency IBANs, international transfers, merchant accounts and mass payouts. The company has operated since 2017 and also offers cards and…
Paynovate
Paynovate combines payment acceptance, payment accounts and card programmes on a regulated financial platform. The operating entity is Paynovate SA, a Belgian…
Payoneer
Payoneer is a cross-border payments platform for companies, freelancers and marketplaces: receiving international revenue, payment requests and mass payouts…
PingPong
PingPong provides businesses with global accounts, FX, payouts, cards and online payment acceptance, with a link to the Chinese market. The platform API…
Thunes
Thunes is a B2B infrastructure for international payouts used by banks, PSPs, platforms and wallets. Through a single connection, it delivers payouts to bank…
Tranglo
Tranglo provides international payouts for money-service businesses, and Tranglo Business for corporate clients. The business product includes virtual…
Wallex
Wallex is a B2B payment service from M-DAQ Global for cross-border transfers, local collection and FX in Asia. The contracting entity is M-DAQ Payment…
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.