Paynetics

Paynetics is a payments company, authorised as an electronic money institution, that supplies card issuing and acquiring, payment accounts and transfers for embedded financial products. It operates through Paynetics AD in Bulgaria and Paynetics UK Ltd.

Products

The services listed are card issuing, acquiring, payment accounts, bank transfers and embedded finance. Accounts come with an IBAN, or with a UK account number and sort code for the British entity. Payment channels are SEPA, UK Faster Payments and SWIFT, and cards are issued on the Visa and Mastercard networks.

Customers

Published target segments are fintech companies, businesses and enterprises, and software platforms. This describes the intended audience, not a guarantee of acceptance.

How to read the role

Paynetics is a provider of financial infrastructure, not a bank. Its products should not be treated as bank deposits, and the BINs used in programmes should not be attributed to it automatically. The issuing entity and the BIN holder are specified per programme.

Before choosing

A platform planning embedded accounts or cards should ask which entity, Bulgarian or UK, will contract, which countries can be served and how fees are structured.