What Paxum does

Paxum is a licensed offshore bank and digital payment platform operating under the legal entity Paxum Bank Limited, chartered in 1996 under the Offshore Banking Act of the Commonwealth of Dominica and regulated by the Financial Services Unit. The firmographic record also lists a Canadian operating address in Dollard-des-Ormeaux. The company provides Personal and Business accounts accessible through a self-serve online portal, iOS and Android mobile applications, and a developer-facing Payment API. Service offerings include international wire transfers via SWIFT, electronic funds transfers in 50+ countries across 20+ currencies, instant peer-to-peer transfers between Paxum clients, and card funding to Mastercard and China UnionPay networks. Paxum also issues Paxum Prepaid Mastercard and Paxum Prepaid UnionPay International cards (physical and virtual) for ATM withdrawals and point-of-sale purchases worldwide.

Underlying technology centers on KYC/AML compliance infrastructure, transaction monitoring against global watchlists (OFAC, UN, EU, UK), and security features including transaction approval codes, IP-based access controls, and two-factor authentication. The platform is targeted at freelancers, publishers, affiliates, affiliate networks, webcam studios, and business clients requiring mass payout capabilities — a deliberate focus on high-risk and underbanked verticals that mainstream payment processors often decline.

Paxum generates revenue through transaction fees on wire transfers, EFT, and international transfers; monthly maintenance, issuance, ATM, and load fees on its prepaid cards; foreign exchange spreads on cross-currency transactions; and recurring account-level charges such as dormancy and currency conversion fees. Distribution is fully digital — online portal, mobile apps, and API — with physical prepaid cards shipped to customer addresses. Named enterprise clients include JuicyAds, NewSensations/NScash, MojoHost, YourPaysitePartner, and Zuzana Designs, illustrating the company's concentration in adult content, affiliate marketing, web hosting, and SMB verticals. Leadership is minimally disclosed, with CEO Octav Paxum the only named executive. The company is privately held with no disclosed funding rounds, M&A activity, or external equity backing.

Name

Paxum

Legal name

Paxum Bank Limited

Website

https://paxum.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Paxum Bank Limited is a Dominica-licensed offshore bank operating a digital payment platform for freelancers, affiliates, webcam studios, and businesses, offering international wire transfers, EFT in 50+ countries, P2P transfers, and Mastercard and UnionPay prepaid cards via self-serve portal, mobile apps, and API.

Ownership category

akta.pro rank

Product category

Cross-border Digital Banking

NAICS

Depository Credit Intermediation (5221)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200)

akta.pro primary industry

Offshore & International Private Banking (FSAAABAB)

Keywords

• Cross-border payments
• Mass payout services
• Prepaid card issuing
• International money transfers
• Digital banking platform

Headquarters

HQ city

Dollard-des-ormeaux

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Transaction Fees: Fees charged on wire transfers, EFT transfers, and international transfers. Personal account holders can only withdraw to their own bank accounts. Business accounts can send and receive third-party transfers with approval.
2. Card Fees: Monthly maintenance fees ($3.75), ATM withdrawal fees ($2.00 + 1% domestic, $2.00 + 3.5% FX), card issuance fees ($10), load fees, and other card-related charges for UnionPay and Mastercard prepaid cards.
3. Account Fees: Dormancy fees for accounts without transactions for six months, currency conversion fees, and other account-related service charges.
4. Foreign Exchange Revenue: Revenue from currency conversion spreads on international transactions, with foreign exchange fees applied to transactions in currencies other than the card or account currency.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Paxum Bank Limited operates a licensed offshore digital banking platform offering Personal and Business accounts for sending and receiving international payments. Core services include SWIFT wire transfers, EFT transfers in 50+ countries across 20+ currencies, instant P2P transfers, and prepaid Mastercard and UnionPay card issuance. The platform includes a self-serve online portal, native iOS and Android mobile apps, and a developer API, with mass payout capabilities designed for affiliate networks, publishers, freelancers, and high-risk industries.

Product overview

Paxum is a financial services platform offering online payment and banking solutions. The core offering consists of Personal and Business accounts that enable users to send and receive payments, with specialized mass payout capabilities for business clients. The platform supports multiple transfer methods including wire transfers (SWIFT), EFT transfers, and P2P instant transfers. Add-on services include Paxum Prepaid Mastercard and Paxum Prepaid UnionPay International Card for ATM withdrawals and purchases, along with a mobile app for iOS and Android. The platform operates under Paxum Bank Limited, licensed in the Commonwealth of Dominica.

Differentiator

Problem solved

Functional benefit

Products and services

• Paxum Personal Account Individual account for freelancers, publishers, and affiliates to receive payments for work, send and receive payments from other Paxum users, and withdraw funds through wire transfers, EFT, and Paxum Prepaid Cards. Self-serve online registration with pre-approval within 24 hours.
• Paxum Business Account Business account offering mass wire transfers and mass EFT transfers to clients worldwide, with competitive bulk pricing and reduced payout costs. Enables third-party transfers with appropriate approval for affiliate and contractor payouts.
• Wire Transfers International wire transfer service using the SWIFT network with SHA, BEN, and OUR transfer options, enabling mass wire transfers worldwide.
• EFT (Local Bank) Transfers Electronic Funds Transfer service for local bank transfers in over 50 countries supporting more than 20 currencies.
• P2P Transfers Instant peer-to-peer transfers between Paxum clients worldwide, available 24/7, for buying and selling goods and services.
• Paxum Prepaid UnionPay International Card Prepaid card issued by Paxum Bank under a principal card issuing license from UnionPay International, enabling ATM withdrawals, POS purchases, and online transactions worldwide. Maximum balance $15,000, monthly load limit $15,000, annual load limit $100,000, daily ATM limit $2,500.
• Paxum Prepaid Mastercard Prepaid Mastercard allowing users to withdraw funds from ATMs worldwide and make purchases online or at local stores.
• Paxum Mobile App Mobile application available for iOS and Android enabling account access to view balance, transfer funds, and view transactions from smartphones.
• Paxum Payment API Developer-facing Payment API for integrating Paxum payment services into third-party platforms, documented at api.paxum.com/docs.
• Fund Any Card Service allowing electronic fund transfers from a Paxum account to almost any Mastercard or China UnionPay card worldwide.

Quantifiable outcome

• Pre-approval within 24 hours for new accounts
• +2 more outcomes

Named customers5 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Three partnerships are on record, tiered core.

• Union Pay InternationalcoreTechnology or IntegrationPaxum Bank Limited holds a principal card issuing license from Union Pay International for the Paxum UnionPay Prepaid Card. UnionPay provides the payment network infrastructure for card transactions, cash withdrawals, and currency conversion services worldwide.
• MastercardcoreTechnology or IntegrationPaxum offers Paxum Prepaid Mastercard cards allowing users to withdraw funds from ATMs worldwide and make purchases online or at local stores. Mastercard provides the global payment network for card transactions.
• SWIFTcoreTechnology or IntegrationPaxum Bank is a member of SWIFT network enabling international wire transfers. SHA, BEN, and OUR transfer options available for international outbound money transfers via SWIFT system.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Emerging players

• BitPay: Emerging crypto-payments platform issuing prepaid Mastercard and serving freelancer/contractor payouts. Comparable to Paxum on prepaid card distribution and mass payout infrastructure, though BitPay is crypto-native.
• Remitly: Emerging cross-border remittance and digital wallet operator with multi-country payout coverage. Overlaps with Paxum on international money transfer and prepaid card products for individuals.
• Airwallex: Emerging cross-border payments platform offering multi-currency business accounts, mass payouts, and API integration. Comparable to Paxum's business-tier mass payout product but targeted at SMB and enterprise rather than high-risk verticals.

Direct peers

• Skrill: Direct competitor as a digital wallet serving freelancers, affiliate marketers, and online merchants including high-risk verticals. Both target similar customer segments with prepaid card, P2P, and merchant payout products.
• Wise (TransferWise): Direct competitor in international money transfers and multi-currency accounts for individuals and businesses. Wise's low-cost wire-transfer and EFT capabilities across 50+ countries directly overlap with Paxum's core wire and local bank transfer services.
• Payoneer: Direct competitor in cross-border payouts to freelancers, publishers, and affiliate marketers. Both platforms enable mass payouts, multi-currency accounts, and prepaid card access; Payoneer is a more capitalised and scaled version of the same niche Paxum occupies.
• WebMoney: Direct competitor as a global e-wallet serving freelancers, publishers, and affiliate networks with multi-currency accounts and P2P transfers. WebMoney operates a similar offshore-style digital payment infrastructure.
• Capitalist: Direct competitor targeting freelancers, affiliate marketers, and webcam/adult industry payouts with mass payout, prepaid card, and multi-currency wallet services — a near-mirror of Paxum's product positioning and customer base.
• Neteller: Direct competitor in the digital-wallet space serving online merchants, affiliates, and high-risk industry payouts. Both offer Mastercard-branded prepaid cards and instant transfers between platform users.

Broad incumbents

• PayPal: Broad incumbent in digital payments and mass payouts. PayPal overlaps with Paxum on freelancer/affiliate payouts, prepaid card (PayPal Mastercard), and API-based payouts, though it does not specifically serve high-risk verticals.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/paxuminc
• Facebookfacebook.com/paxumewallet
• LinkedInlinkedin.com/company/paxum-inc

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paxum