VPay
VPay
VPay is a Web3-native crypto neobank active in more than 80 countries, with 0% FX and 1.5% cashback. It is still early stage and requires token staking to access the service, while the existence of two similarly named products (Africa and Crypto) can cause confusion. The custody model is unclear: the materials mention self-custody, but this remains to be verified.
Data & conditions
| Account fee | Free |
|---|---|
| IBAN | condiviso |
| Multi-currency | No (single currency) |
| Outbound transfers to third-party IBANs | No |
| Utility direct billing | No |
| SEPA direct debit (SDD) | No |
| Interest on balance | 6% |
| ATM withdrawal | not declared |
| Fund custody | Custodial (platform holds funds) |
| KYC | Full |
| Supported countries | AFRICA, EEA, APAC · 80+ countries |
| Regulator | None |
| OAM Italy registration | No |
| Segment | B2C |
| MiCA / License status | None |
Plans & pricing
Strengths
- Self-custody; 0% FX; 1,5% cashback; Web3 native; 80+ countries.
- No notable sovereignty advantage documented.
Weaknesses
- Early stage; token staking richiesto; two prodotti omonimi (Africa vs Crypto).
- Custodial: the platform holds your funds and can freeze or lose them.
- Full KYC required: verified identity, zero pseudonymity.
Verdict
The B tier reflects the early stage: 0% FX and 1.5% cashback across more than 80 countries are good, but the service requires token staking to be used, has no regulator, and the existence of two similarly named products (Africa and Crypto) breeds confusion. With no deposit guarantee and custody to be verified, protection for the ordinary user is still immature.
Through this lens the Web3-native positioning and the self-custody claim point the right way, with a decent privacy score. But full KYC, mandatory token staking and unconfirmed custody dampen the real autonomy that should set it apart.
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 VPay a real bank?
VPay is a digital financial service. The deposit-protection scheme is not documented for this service; check the official terms.
Can I send transfers to third-party IBANs with VPay?
The ability to send transfers to third-party IBANs is not documented; check the official website.
Does VPay support direct debits and utility billing?
SEPA direct debit (SDD): not documented. Utility-bill domiciliation: not documented.
Which fiat currencies does VPay support?
The number of supported fiat currencies is not documented. Multi-currency accounts: not documented.
Can I withdraw crypto on-chain from VPay?
On-chain crypto withdrawal is not documented; check the official website.
Sources
- Official service page Plans & pricing · Regulatory framework · Company profile · Tier Data verified on Jun 15, 2026
- blocmates.com Data verified on Jul 13, 2026
- cointelegraph.com Data verified on Jun 15, 2026
- lbank.com Stock ticker · Valutazione Data verified on Jun 14, 2026
Show 2 more sources
- panewslab.com Founders · On-chain crypto withdrawals · Issuer Data verified on Jun 14, 2026
- vpay.africa Data verified on Jun 1, 2026