Overview
PaySaxas offers businesses EUR accounts with a dedicated IBAN and SEPA and SEPA Instant payments. Its website describes settlements for licensed money service businesses (MSBs), VASPs, CASPs and OTC companies, and Banking-as-a-Service is marked as a future product, not a live service.
Entities
The EU electronic money institution is PaySaxas Oy in Finland (registration 33874548), supervised by the Finnish Financial Supervisory Authority. The website itself is operated by Paysaxas Ltd in Cyprus. A Canadian affiliate, PaySaxas Financial Solutions Corporation, holds its own MSB (M23680092) and PSP (RPS0002084) registrations.
Funds protection
Safeguarded funds are segregated at partner banks from PaySaxas's own money. They are not deposits and are not covered by a national deposit guarantee scheme.
Crypto-related clients
The site describes non-custodial consumer-to-business and business-to-business flows for MSBs, VASPs, CASPs, PSPs and OTC desks. Accounts are in EUR only.
Who it suits
Regulated crypto and payment firms that need a euro IBAN. Applicants should confirm which entity will serve them, as well as fees and eligibility.
What they do
Work formats
Verticals
Reviews
0 reviewsNo reviews yet
Write a review
Log in · Log in to leave a review.
Similar companies
AllZenith Bank Nigeria
Zenith Bank Nigeria is a Nigerian bank that offers merchant POS, merchant reporting and business bank accounts. The legal entity is Zenith Bank Plc, and the…
Zenith Bank Ghana
Zenith Bank Ghana is a separate party to a POS Acquiring Agreement with Ghanaian merchants. The legal entity is Zenith Bank (Ghana) Limited, which belongs to…
ZEN.COM
ZEN.COM offers businesses a multi-currency account in 35 currencies, an IBAN and payment acceptance for e-commerce. Beyond transfers and cards, the platform…
Zand Bank
Zand Bank is a bank in the UAE with a separate set of services for virtual asset service providers (VASPs): fiat accounts, virtual IBANs, digital asset custody…