ALTPAY Ltd

ALTPAY Ltd Logo
Business Focus
alternative banking solutions

ALTPAY Ltd is an electronic money institution focused on alternative banking solutions. ALTPAY Ltd offers personal IBAN accounts, contactless debit cards, virtual cards, domestic and international payments, SEPA and SWIFT transfers to individuals, companies. In 2019 ALTPAY Ltd had total assets of 15,882.00 GBP. Incorporated in the United Kingdom, ALTPAY Ltd is authorized and regulated by the Financial Conduct Authority.

Products
  • personal IBAN accounts
  • contactless debit cards
  • virtual cards
Services
  • domestic and international payments
  • SEPA and SWIFT transfers
Clients
  • individuals
  • companies
Card Providers
  • MasterCard

Personal Account

Payment Cards
physical
virtual
Personal IBAN
available
UK Account Number
not available
Customer Groups
all countries
Pricing Plans
single for all customers
Payment Cards

AltPay Personal Card (MasterCard) can be ordered together with Personal Account. Virtual cards are not available.

Personal IBAN vs EMI Banking Details
While ALTPAY uses an account holder's personal IBAN for some operations, ALTPAY's own banking details are used for the others.

Pricing Plans

Personal Account is offered with a single pricing plan for all customers.

Alternatives to ALTPAY Personal Account

See Also

AltPay Personal Cards

ALTPAY expects to launch payment cards in early 2020.

AltPay Personal Card
Card Type
debit
physical, virtual
contactless
Currency
single currency
EUR
Card Provider
MasterCard
Card Type

ALTPAY cards are debit cards, rather than prepaid cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

ALTPAY cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

Currency

AltPay Personal Card is a single currency card, it can be issued in EUR only.

*) EEA stands for the European Economic Area and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Alternatives to ALTPAY Personal Payment Cards

See Also

Business Account

Business Account
Payment Cards
physical
virtual
Personal IBAN
available
Customer Groups
EEA based
non-EEA based
Pricing Plans
EEA residents
International
Payment Cards

AltPay Business Card (MasterCard) can be ordered together with Business Account. Virtual cards are not available.

Personal IBAN vs EMI Banking Details
While ALTPAY uses an account holder's personal IBAN for some operations, ALTPAY's own banking details are used for the others.

Pricing Plans

Business Account is offered with several pricing plans for different customer groups, namely EEA residents, International.

  • EEA residents
  • offered to: EEA based
  • Initial Fee 100.00 EUR
  • Monthly Fee 30.00 EUR
  • SEPA Outgoing 5.00 EUR
  • SWIFT Outgoing 25.00 EUR
  • International
  • offered to: non-EEA based
  • Initial Fee 700.00 EUR
  • Monthly Fee 50.00 EUR
  • SEPA Outgoing 10.00 EUR
  • SWIFT Outgoing 25.00 EUR

Alternatives to ALTPAY Business Account

See Also

AltPay Business Cards

ALTPAY expects to launch payment cards in early 2020.

AltPay Business Card
Card Type
debit
physical, virtual
contactless
Currency
single currency
EUR
Card Provider
MasterCard
Card Type

ALTPAY cards are debit cards, rather than prepaid cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

ALTPAY cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.

Currency

AltPay Business Card is a single currency card, it can be issued in EUR only.

*) EEA stands for the European Economic Area and consists of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom.

Alternatives to ALTPAY Business Payment Cards

See Also

Operations with Cryptocurrencies

No

ALTPAY do not conduct operations with cryptocurrencies.

See Also

Financial Highlights

Total Assets (2019)
15,882.00 GBP

Company Details

Country of Registration
GBUnited Kingdom
Company Number
11347482
BIC
ALYAGB21
Authorized By
Financial Conduct Authority
Reference Number
900878
Authorization Granted
26 October 2018
Authorized Activities
  • issuance of electronic money
  • refund of electronic money
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • execution of payment transactions on a payment account (using a credit line)
  • issuing payment instruments or acquiring payment transactions

ALTPAY Ltd is authorized by the Financial Conduct Authority (reference number 900878) for issuance of electronic money, refund of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 26 October 2018.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules ALTPAY Ltd, can conduct its activities in any of the 31 EEA member states. ALTPAY Ltd do not participate in deposit guarantee schemes.

Membership
SWIFT

ALTPAY Ltd is a SWIFT member.

MasterCard

ALTPAY Ltd is connected to MasterCard payment card scheme.

See Also

Contacts

83 Baker Street -, W1U 6AG, London, United Kingdom
Website Languages
GBEnglish

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See Also