OMW Europe Limited (trading as OneMoneyWay) was established in 2021 with an idea of making business accounts easy and accessible for small businesses. OMW Europe is focused on global payments and transfers for businesses. The company offers business IBAN accounts, corporate cards, currency exchange, payment terminals, payment acquiring to companies, merchants. OneMoneyWay acts as a Technical Services Provider of Payment card Solutions (UK) Limited trading as B4B Payments, authorised by the FCA UK to conduct e-money service activities under the Electronic Money Regulations 2011 (Ref: 930619). UAB B4B Payments Europe is authorised by the Bank of Lithuania as an E-Money Institution (Licence No: 76) under the Law on Electronic Money and Electronic Money Institutions 2011.
providing multi-currency IBAN accounts Pay Set Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Pay Set is focused on providing multi-currency IBAN accounts. The company offers personal IBAN accounts, business IBAN accounts, prepaid cards, payment gateways, international money transfers, local money transfers, global pay roll, foreign exchange to private individuals, freelancers, entrepreneurs, small and medium sized businesses, enterprises, financial institutions, startups, marketplaces, affiliate programs. In 2022 Pay Set Limited had total assets of 26.96 mln GBP. Pay Set is ranked #3 EMI in Europe, #2 EMI in the United Kingdom.
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| Currency | EUR, GBP, USD and 2 more | AUD, BHD, BGN and 30 more |
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| Payment Cards | physical virtual | physical virtual |
| Dedicated IBAN | available (DK, DE, LU, GB IBAN) | available (GB IBAN) |
| UK Account Number | available | available |
| Customer Groups | UK, EEA based | all countries |
| Pricing Plans | Starter Business | single for all customers |
| Open Account | Open Account |
Business Account is a multi-currency account, allowing the account holder to have funds in the following currencies: EUR, GBP, USD, DKK, SEK.
Business Multi-Currency Account is a multi-currency account, allowing the account holder to have funds in the following currencies: AUD, BHD, BGN, CAD, CNY, HRK, CZK, DKK, EUR, HKD, HUF, ILS, JPY, KEN, KWD, MXN, NZD, NOK, OMR, PLN, QAR, RON, RUB, SAR, SGD, SEK, CHF, THB, TRY, AED, UGX, GBP, USD.
Depending on your pricing plans, various number of physicaland virtual MasterCard cards can be issued.
Prepaid Currency Card (MasterCard) can be ordered together with Business Multi-Currency Account.
Your company gains access to UK and EU IBAN accounts. Additionally, you will have an option to obtain multiple local DK, DE, LU, GB IBANs for enhanced flexibility, through regulated partners.
Dedicated IBANs assigned to Business Multi-Currency Account belong to the United Kingdom.
Business Account is offered with several pricing plans for different customer groups, namely Starter, Business.
Business Multi-Currency Account is offered with a single pricing plan for all customers.
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| Card Type | prepaid physical, virtual contactless | prepaid physical, virtual contactless |
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| Currency | single currency as per account | multi currency AUD, BHD, BGN, CAD, CNY, HRK, CZK, DKK, EUR, HKD, HUF, ILS, JPY, KEN, KWD, MXN, NZD, NOK, OMR, PLN, QAR, RON, RUB, SAR, SGD, SEK, CHF, THB, TRY, AED, UGX, GBP, USD |
| Card Provider | MasterCard | MasterCard |
| Order Card | Order Card |
OMW Europe cards are prepaid cards, rather than debit cards. OMW Europe cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.
Pay Set cards are prepaid cards, rather than debit cards. Pay Set cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.
OneMoneyWay Card is a single currency card, it can be issued in as per account only.
Prepaid Currency Card is a multi-currency card,the funds can be held in different currencies at the same time. AUD, BHD, BGN, CAD, CNY, HRK, CZK, DKK, EUR, HKD, HUF, ILS, JPY, KEN, KWD, MXN, NZD, NOK, OMR, PLN, QAR, RON, RUB, SAR, SGD, SEK, CHF, THB, TRY, AED, UGX, GBP, USD.
| Starter | Business | |
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| Card issuance | free | free |
| Card delivery | free | free |
| Card loading | 1.00 % | 2.00 % |
| Physical Cards | Virtual Cards | |
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| Issue a new card | 25.00 EUR | 10.00 EUR |
| Monthly fee | 10.00 EUR per card | 10.00 EUR per card |
| POS fee | 2.00%, min 0.30 EUR, max 2.00 EUR | 2.00%, min 0.30 EUR, max 2.00 EUR |
| ATM fee | 1.50 EUR | n/a |
| FX fee | 2.75% | 2.75% |
| Card dormancy fee | 2.00 EUR | 2.00 EUR |
global payments and transfers for businesses