PayNovus

PayNovus provides multi-currency business accounts, SEPA and SWIFT payments and card issuing. The company also offers payment-as-a-service, BIN sponsorship and merchant acquiring, and states that it was founded in 1998.

Licence

PayNovus AD is an electronic money institution licensed by the Bulgarian National Bank under decision 73 of 21 July 2011. The company number is 121554961.

Payments and cards

Payment channels are SWIFT, SEPA and ACH, and cards can be issued on the Visa, Mastercard and UnionPay networks. The services listed are business accounts, global payouts, card issuing, BIN sponsorship, payment-as-a-service and merchant acquiring.

Restrictions

For acquiring, the public application accepts only companies from the European Economic Area (EEA). This restriction should not be carried over to the other products automatically, since eligibility differs between services.

Who it suits

Businesses and fintechs that need a regulated European partner for accounts, payouts and cards, and merchants in the EEA that want an acquirer from the same provider. Company onboarding terms, fees and BIN-sponsorship conditions should be discussed with PayNovus.