Paynetics
Paynetics
A leading Banking-as-a-Service provider in Europe, with dual licensing in Bulgaria and the UK, solid privacy and stablecoin integration. It is, however, a B2B-only solution and not intended for individual consumers.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso · BG, UK |
| Multi-currency | Yes · 5 currencies |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| On-chain crypto withdrawal | No |
| SEPA transfer | Free |
| Interest on balance | 0% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | EEA, UK · 31+ countries |
| Regulator | BNB (Bulgaria) + FCA (UK) |
| OAM Italy registration | No |
| Segment | B2B |
| MiCA / License status | EMI BNB (Bulgaria) + FCA (UK) |
Plans & pricing
Strengths
- Doppia license BNB+FCA; privacy 8/10; stablecoin integration; BaaS leader Europe.
- No notable sovereignty advantage documented.
Weaknesses
- B2B only; not for consumatori.
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
- Subject to regulation (BNB (Bulgaria) + FCA (UK)): reporting to authorities and freezes on order.
Verdict
A high rating fitting a leading BaaS provider: dual BNB (Bulgaria) and FCA (UK) licensing, coverage across 31 countries and privacy attention unusually high for the category (8/10). The limit, more positioning than protection, is that it's a B2B-only solution: not meant for the individual consumer, who can't access it directly.
It surprises less than it seems here: despite 8/10 privacy and stablecoin integration, it remains custodial infrastructure with full KYC and dual oversight. The stablecoin angle cracks the door to crypto, but control stays with the provider, not the user, so real autonomy is limited.
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Is Paynetics a real bank?
Paynetics operates under a EMI licence (BG). Fund protection: Safeguarding — nessuna garanzia depositi.
Can I send transfers to third-party IBANs with Paynetics?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does Paynetics support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does Paynetics support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from Paynetics?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · Past incidents · Monthly fee · +17 Data verified on Jun 14, 2026
- crunchbase.com Legal name · Company type · Founders Data verified on Jul 11, 2026
- benifex.com Registered office Data verified on Jun 14, 2026
- fintechprofile.com Founders Data verified on Jun 13, 2026
Show 1 more source
- organismo-am.it OAM Italy registry Data verified on Jun 13, 2026