Move money wherever, whenever, however you choose
We’ve done the work in local markets to create an expansive network of licenses, payment modes, partners, and banking relationships to move money across the earth. Our platform can support all major payment options and be customized to multiple use cases.
Local payment rails. Global coverage.
- Send to 90 countries, 65 in real-time, in 63 currencies
- Payouts to accounts, cards, wallets, and cash
- Local ACH and Wire payments
- Spend anywhere with virtual Visa debit cards
- Global traceability and payment confirmation

Our Network Locations
Explore the world of Open Money, powered by our portfolio of licenses, earned by building trust with financial regulators.

Albania
ALL
Speed
Real-Time
Payout Method
Payout to Cards

Andorra
EUR
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Argentina
ARS
Speed
Next Day
09:30, T+2
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Armenia
AMD
Speed
Real-Time
Payout Method
Payout to Cards

Australia
AUD
Speed
Real-Time
Same Day
14:00, T+0
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Austria
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Azerbaijan
AZN
Speed
Real-Time
Payout Method
Payout to Cards

Bangladesh
BDT
Speed
Real-Time
Same Day
Sun -Thu 11:30, Sat 13:00;
T+0 for all Banks
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Belarus
BYN
Speed
Real-Time
Payout Method
Payout to Cards

Belgium
EUR
Speed
Real-Time
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List availableSame Day
Next Day
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Brazil
BRL
Speed
Same Day
09:30, T+0
* For payouts of more than 30K BRL, documentary proof of nature of transaction must be provided
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Brunei
BND
Speed
Real-Time
Payout Method
Payout to Cards

Bulgaria
BGN EUR
Speed
Same Day
T+0, 8.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer
Speed
Real-Time
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List availableSame Day
Next Day
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Cambodia
KHR
Speed
Real-Time
Payout Method
Payout to Cards

Canada
CAD
Speed
Next Day
21:00, T+1
CAD 20,000 per transaction
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Chile
CLP
Speed
Next Day
08:30, T+1
5 Mn CLP per transaction
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

China
CNY
Speed
Real-Time
Same Day
Next Day
B2B - 09:30, T+0 , RMB 1,999,999 per transaction
P2P and B2P - Real time for 14 Banks, For other can be real time depends upon Bene Registration,
For Real Time – 5,000 USD per transaction
For Txns needing Bene Registration – 3,000 USD per transaction
Payment Types
B2B, B2P, P2P
Payout Method
Bank ACH

Colombia
COP
Speed
Same Day
07:30, T+0
Monthly accumulated limit per beneficiary of 3K USD
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Croatia
HRK EUR
Speed
Same Day
T+0, 8.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer
Payout to Cards
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Cyprus
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Czech Republic
CZK EUR
Speed
Next Day
T+1, 8.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank list available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Denmark
DKK EUR
Speed
Next Day
DKK 1,00,00,000 per Txn, T+1, 09:00 GMT
Payment Types
B2B, B2P
Payout Method
Bank ACH
Bank Wire Transfer
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Estonia
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Finland
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

France
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Georgia
GEL
Speed
Real-Time
Payout Method
Payout to Cards

Germany
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Greece
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Grenada
XCD
Speed
Real-Time
Payout Method
Payout to Cards

Hong Kong
HKD
Speed
Real-Time
Same Day
Next Day
FPS - < 1Mn, Real Time, 24X7 (List of FPS supporting banks available) CHATS - > 1Mn. 15:30, T+1
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Hungary
HUF EUR
Speed
Same Day
T+0, 8.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Iceland
EUR
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

India
INR
Speed
Real-Time
Same Day
IMPS - 24x7 Availability, Delivery - Real Time, Coverage – 32 Banks (List Available) Real Time (IMPS) limit - INR 200,000 NEFT - 18:00, Delivery Time: T+0, Coverage – All Banks
B2B txn Limit - 1,500,000 INR
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Indonesia
IDR
Speed
Real-Time
Same Day
Real Time for all Banks subject to cutoff of 08.30 pm.
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Ireland
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Israel
ILS
Speed
Real-Time
Next Day
T+1, 12:00 GMT
Payment Types
B2B, B2P
Payout Method
Bank ACH
Bank Wire Transfer
Payout to Cards

Italy
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Jamaica
JMD
Speed
Real-Time
T+2, 16:00 GMT
Payment Types
B2B, B2P
Payout Method
Bank ACH
Bank Wire Transfer
Payout to Cards

Japan
JPY
Speed
Real-Time
Next Day
T+1, 2 P.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer

Jersey
EUR
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Kazakhstan
KZT
Speed
Real-Time
Payout Method
Payout to Cards

Kyrgyzstan
KGS
Speed
Real-Time
Payout Method
Payout to Cards

Latvia
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Liechtenstein
CHF EUR
Speed
Same Day
T+0, 10.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Lithuania
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Luxembourg
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Macedonia
MKD
Speed
Real-Time
Payout Method
Payout to Cards

Malaysia
MYR
Speed
Real-Time
Same Day
For <= 1M MYR (Giro) – 15:00, T+0 for 55+ Banks (List Available)
For >= 1M MYR (Rentas) – 12:45, T+0 for 70+ Banks (List Available)
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Malta
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Mexico
MXN
Speed
Real-Time
Same Day
04:30, T+0
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Moldova
MDL
Speed
Real-Time
Payout Method
Payout to Cards

Monaco
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Mongolia
MNT
Speed
Real-Time
Payout Method
Payout to Cards

Montenegro
EUR
Speed
Real-Time
Payout Method
Payout to Cards

Namibia
NAD
Speed
Real-Time
Payout Method
Payout to Cards

Nepal
NPR
Speed
Real-Time
Same Day
Sun to Thu 11:30, Fri - 9:30, T+0
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Netherlands
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

New Zealand
NZD
Speed
Next Day
T+1, 2 P.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer

Norway
NOK EUR
Speed
Same Day
T+0, 10.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Oman
OMR
Speed
Real-Time
Payout Method
Payout to Cards

Pakistan
PKR
Speed
Real-Time
Same Day
<= 1M PKR – 24X7, Real Time
> 1M PKR – 16:00, T+0
(Where Beneficiary Name does not Match with Account Name, transaction goes in T+1)
- Payments to Freelancers - $ 1,500 per bene per month
- Pension payments – PKR 250,000 per bene per month
Payment Types
B2P, P2P
Payout Method
Bank ACH

Peru
PEN
Speed
Same Day
06:30, T+0
$ 60,000 per transaction
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Philippines
PHP
Speed
Real-Time
Same Day
Instapay - 24x7 Availability, Delivery - Real Time, Coverage – 35 Banks (List Available).
Instapay (Real Time Transactions) limit - PHP 50,000
Pesonet - 14:30, Delivery Time: T+0, Coverage – All Major Banks (list available)
Cash Payouts also available.
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards
Cash Pickup

Poland
PLN EUR
Speed
Same Day
T+0, 9.00 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Portugal
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Puerto Rico
USD
Speed
Real-Time
Payout Method
Payout to Cards

Romania
RON EUR
Speed
Real-Time
Same Day
T+0, 9.00 A.M. GMT
Real-Time for Payout to Cards Only
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer
Payout to Cards
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Russia
RUB
Speed
Real-Time
Next Day
T+1, 09:30 GMT
Payment Types
B2B, B2P
Payout Method
Payout to Cards

San Marino
EUR
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Saudi Arabia
SAR
Speed
Next Day
Payment Types
B2P, P2P
Payout Method
Bank Wire Transfer

Singapore
SGD
Speed
Real-Time
Same Day
Next Day
<= SGD 200,000 (FAST) – Real Time, 24X7, Limited to 20 receiving Banks(https://www.abs.org.sg/docs/library/fast-fact-sheet.pdf)
Others – 13:30, T+1
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Slovakia
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Slovenia
EUR
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

South Africa
ZAR
Speed
Next Day
ZAR 50,00,000 per Txn, T+3, 16:30 GMT
Payment Types
B2B, B2P
Payout Method
Bank ACH
Bank Wire Transfer

South Korea
KRW
Speed
Same Day
15:30, T+0
USD 5000 per transfer
USD 50,000 per year per Beneficiary
1st time beneficiary (Bene / account combination) requires a Beneficiary KYC which is online (submission of ID). Subsequent transactions are processed on the same day
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Spain
EUR
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Sri Lanka
LKR
Speed
Real-Time
Same Day
<= 5M LKR – 24X7, Real Time to 40+ banks. List Available
>5M LKR – 8:00, T+0
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Sweden
SEK EUR
Speed
Same Day
T+0, 10.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Switzerland
CHF EUR
Speed
Same Day
T+0, 10.30 A.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Taiwan
TWD
Speed
Next Day
Payment Types
B2B, B2P
Payout Method
Bank Wire Transfer

Tajikistan
TJS
Speed
Real-Time
Payout Method
Payout to Cards

Thailand
THB
Speed
Same Day
09:30, T+0 for All Banks
1.5 Mn THB per Transaction
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

Turkey
TRY
Speed
Real-Time
Same Day
Real Time for all Banks subject to cutoff of 8.30 am to 4 pm.
TRY 60000 per transaction
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Payout to Cards

UAE
AED
Speed
Next Day
T+1, 2 P.M. GMT
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank Wire Transfer

Ukraine
UAH
Speed
Real-Time
Payout Method
Payout to Cards

United Kingdom
GBP EUR
Speed
Real-Time
Same Day
FASTER <= 250,000 GBP – 24X7, Real Time
99%+ bank accounts covered under Faster Payments.
CHAPS >250,000 GBP – 15:30, T+0
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH
Speed
Real-Time
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Uruguay
UYU
Speed
Same Day
08:30, T+0
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

USA
USD
Speed
Same Day
7:30 EST (for Same Day Payments)
USD 100,000 per transaction
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Vatican City
EUR
Speed
Same Day
Next Day
<=15,000 EUR – 24X7, Real Time, Limited Banks
> 15,000 EUR – 14:00 EET, T+1
Supported bank List available
Payment Types
B2B, B2P, P2B, P2P
Payout Method
Bank ACH

Vietnam
VND
Speed
Real-Time
Same Day
24x7 Availability, Delivery - Real Time for 35 Major Banks. List available.
All Other Banks- Delivery - T+0, Cut-off - 14:00
Limit - VND 300 Mn* per transaction. (*- Docs may be asked by the bank for transaction amount > 250 Mn VND)
Payment Types
B2P, P2P
Payout Method
Bank ACH
Payout to Cards
Want more information on a specific country or capability?
Don’t see the country or info you’re looking for?
Where We Hold Licenses
NIUM PTE. LTD. (formerly known as InstaReM PTE Limited) is the holding company of NIUM & Instarem subsidiaries globally:
Asia Pacific
Singapore
NIUM Pte. Ltd. (formerly known as InstaReM Pte. Limited) is regulated by the Monetary Authority of Singapore as a major payment institution under License No. PS20200276.
Australia
Hong Kong
NIUM LIMITED (formerly known as InstaReM LIMITED) (License No. 16/01/01797) is regulated by the Hong Kong Customs and Excise Department
India
NIUM India Pvt. Ltd. (formerly known as InstaReM India Pvt. Ltd.) operates in association with SBM Bank and is regulated by the Reserve Bank of India, vide its approval letter Number. SBM/Mum/RP/009
Indonesia
PT InstaReM Mitra Indonesia (License No. 21/261/Jkt/1) is regulated by Bank Indonesia.
Japan
Nium Japan Kabushiki Kaisha (formerly known as InstaReM Japan Kabushiki Kaisha) (registration no: Kanto Local Finance Bureau no. 00073) is a Funds Transfer Services Provider registered with the Prime Minister under the Payment Services Act (Act No. 59 of June 24, 2009)
Malaysia
North America
Canada
United States of America
Europe
Europe
United Kingdom
NIUM FINTECH LIMITED (formerly known as InstaReM Limited), Reference number 901024, is regulated by the Financial Conduct Authority as an Authorised Electronic Money Institution (EMI) provider and is licensed to issue electronic money (e-money) and provide payment services.