PSI-Pay
PSI-Pay is an FCA and Central Bank of Cyprus-regulated fintech infrastructure provider offering wallet, BIN sponsorship, KYC/AML, payment gateway, and program management services to fintechs and regulated businesses across 173 countries and 44 currencies.
- Company typePrivate
- Founded2007
- HeadquartersHorsham, United Kingdom
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What PSI-Pay does
PSI-Pay Ltd is a UK-based fintech infrastructure provider founded in 2007, regulated by the Financial Conduct Authority as an Electronic Money Institution (FCA register number 900011) and operating through its Cyprus subsidiary IPS Solutions Ltd, which is authorised by the Central Bank of Cyprus (licence no 115.1.3.28). The company offers a modular B2B platform comprising Wallet as a Service, BIN Sponsorship across Mastercard, Visa, and Discover schemes, KYC/AML compliance, Payment Gateway, Program Management, Research and Development Services, and a cyber security division branded PSICyber. Its infrastructure supports 44 currencies and 173 countries, processing over $2 billion in annual transaction volume with more than 3 million cards issued to date. As a Principal Member of Mastercard and Discover with Visa scheme support, PSI-Pay enables fintechs, electronic money institutions, FX providers, and loyalty programs to issue cards and operate wallets without obtaining their own EMI licences.
The proprietary wallet and card-issuing technology has been developed over 20+ years, originally built for internal use and now delivered as a white-label, customisable platform. The technology stack spans .NET, JavaScript/TypeScript with React, SQL/PostgreSQL, and mobile capabilities in Swift and Kotlin, with API integration supported by a dedicated Integration Manager. Named enterprise relationships include Payz (€3Bn turnover and 66M+ transactions across 174 countries), Caxton (£15M+ monthly settlements during travel seasons, four-year partnership), Utility Warehouse (£50M+ monthly settlement volume and £7.7M in annual customer savings), and MoneyJar (live within four months of contract signing across Ireland and Spain). The company employs 100+ staff across Horsham, UK and Nicosia, Cyprus operations.
PSI-Pay generates revenue through a mix of subscription and recurring fees for Wallet-as-a-Service and KYC/AML, transaction-based fees on BIN sponsorship and Payment Gateway volumes, and managed-service fees for Program Management, PSICyber, and R&D engagements. Distribution is exclusively direct B2B sales targeting enterprise and mid-market fintechs, payment providers, FX and cross-border payment specialists, and any regulated business requiring identity verification or card issuance. The company is privately held with no disclosed institutional investors or funding rounds, indicating cash-flow-funded organic growth.
PSI-Pay firmographics
Firmographics- Name
- PSI-Pay
- Legal name
- PSI-Pay Ltd
- Website
- https://psi-pay.co.uk
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- PSI-Pay is an FCA and Central Bank of Cyprus-regulated fintech infrastructure provider offering wallet, BIN sponsorship, KYC/AML, payment gateway, and program management services to fintechs and regulated businesses across 173 countries and 44 currencies.
- Ownership category
- akta.pro rank
PSI-Pay industry classification
Industry- NAICS
- Credit Card Issuing (522210), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
- akta.pro secondary industries
- Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB)
Keywords
Where PSI-Pay is headquartered
LocationHeadquarters
- HQ city
- Horsham
- HQ country
- United Kingdom
- HQ region
- Europe
Offices2 records
Markets served
PSI-Pay business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Infrastructure, Marketing or Sales
Revenue model
- Wallet as a Service (B2B Infrastructure Fees): Provides end-to-end wallet infrastructure to fintech clients. Revenue likely derived from setup fees, transaction processing fees, and ongoing platform/service fees. Serves clients like MoneyJar and Payz.
- BIN Sponsorship: Card issuing sponsorship for Mastercard, Visa, and Discover. Revenue generated through card program management fees, settlement fees, and scheme-related charges. Clients include Caxton and Utility Warehouse.
- KYC & AML Services: Secure onboarding and compliance platform offered to EMIs, payment institutions, and any business needing identity verification. Revenue from screening, monitoring, and compliance service fees.
- Payment Gateway: Payment processing across virtual IBAN, cards, banking, alternative payments, and crypto. Revenue from transaction processing fees on pay-in and payout.
- Program Management: Back-office services including customer support, fraud management, transaction monitoring, tech support, payments, and compliance. Revenue from managed service fees.
- Cyber Security (PSICyber): Cybersecurity consulting, strategy, penetration testing, and compliance advisory. Revenue from consulting engagements, retainer agreements, and 'bank of days' service models.
- Research & Development Services: Custom software development lifecycle management for fintech and regulated industries. Revenue from project-based or retainer development engagements.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
PSI-Pay product offering
Product offeringCore offering
PSI-Pay is a UK FCA-regulated e-money institution that provides modular fintech payment infrastructure to businesses, including end-to-end Wallet-as-a-Service, BIN Sponsorship for card issuance across Mastercard, Visa and Discover, KYC & AML compliance, a global Payment Gateway, 24/7 Program Management, custom software R&D, and PSICyber cybersecurity services. The platform supports 44 currencies and 173 countries, processes over $2Bn in annual transactions, and has issued more than 3M cards globally.
Product overview
PSI-Pay is a fintech infrastructure provider offering a modular platform of payment solutions built around its core Wallet as a Service, BIN Sponsorship, and KYC/AML Services. The company provides seven integrated products: Wallet as a Service delivers end-to-end digital wallet infrastructure across 44 currencies and 173 countries; BIN Sponsorship enables card issuance across Mastercard, Visa, and Discover schemes; KYC & AML Services handles compliance and identity verification; Payment Gateway processes global transactions via cards, banking, and alternative methods; Program Management provides 24/7 back-office support; Research & Development Services covers software development lifecycle; and PSICyber delivers tailored cyber security assessments and incident response. The platform operates under dual regulatory authority (UK FCA and Cyprus CBC) and supports over $2 billion in annual transactions across more than 3 million issued cards.
Differentiator
Problem solved
Functional benefit
Brands
- PSICyber: Cyber security services division offering comprehensive security solutions tailored for fintech companies, including assessment & governance, compliance & regulation, and managed & on-demand security services.
Products and services
- Wallet as a Service End-to-end infrastructure delivering everything needed to operate a fully scalable digital wallet product, covering wallet management, ledger management, pay-in and payout processing, customer onboarding, safeguarding, and card issuance. Supports 44 currencies and 173 countries and is customisable with client branding. Customers include MoneyJar and Payz.
- BIN Sponsorship Card issuing solution providing flexible card offerings (consumer, corporate, physical, and virtual) across Mastercard, Visa, and Discover schemes with 16+ settlement currencies. Eliminates the need for clients to obtain direct scheme membership. Clients include Caxton and Utility Warehouse.
- KYC & AML Services Compliance platform enabling secure onboarding of individuals and businesses globally, with initial and ongoing daily screening, compliance professional verification, integrated transaction monitoring, and white-label customisation. Suitable for EMIs, payment institutions, and any business requiring identity verification.
- Payment Gateway Comprehensive global payment processing solution supporting virtual IBAN, card payments, banking transfers, alternative payments, and cryptocurrency. Features full API integration and a payment page flow that minimises data collection, with support across 20+ territories.
- Program Management Expert back-office services for regulated and unregulated companies including customer support, financial crime risk and fraud management, transaction monitoring, tech support, payments and finance, and compliance. Provides scalable, multilingual teams available 24/7.
- Research & Development Services Full software lifecycle management from prototype to marketable product, leveraging fintech and enterprise expertise in regulated industries. Services include full-stack development, business analysis, project management, development, and DevOps with flexible, scalable teams.
- PSICyber (Cyber Security Services) Flexible cyber security services tailored to fintech needs, including assessment and governance (framework assessment, internal audit, penetration testing), compliance and regulation advisory, and managed on-demand services (security consulting, incident response, crisis management). Engagement models include 'bank of days,' pay-as-you-use, and annual subscriptions.
Quantifiable outcome
- Over $2Bn in annual transaction volume processed
- +8 more outcomes
Companies that use PSI-Pay
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles4 records
PSI-Pay technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
PSI-Pay partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and strategic.
- MastercardcorePSI-Pay is a Principal Member of Mastercard, enabling BIN sponsorship, card issuance, and settlement services for clients. This membership allows Caxton and other clients to offer Mastercard-branded products without obtaining direct scheme membership.
- VisacorePSI-Pay supports Visa scheme within its BIN sponsorship solution, alongside Mastercard and Discover, enabling multi-scheme card issuance for clients across 16+ settlement currencies.
- DiscovercorePSI-Pay is a Principal Member of Discover, completing its multi-scheme card issuing capability alongside Mastercard and Visa, supporting global reach across 173 countries.
- IPS Solutions LtdcoreRelated entity incorporated in Cyprus, authorised as an Electronic Money Institution by the Central Bank of Cyprus (licence no 115.1.3.28). IPS Solutions provides European EMI passporting capabilities and partners with PSI-Pay for safeguarding of customer funds in the EU.
- IbanpaystrategicIbanpay is listed as an executive leadership member of PSI-Pay/PSI Group, indicating a close strategic relationship within the group structure. Chris Papayianni serves as Ibanpay Executive Director alongside PSI-Pay leadership.
Scale indicators17 records
Recent moves6 records
Expansion highlights6 records
PSI-Pay competitors and assessment
Company assessmentBroad incumbents
- Stripe Issuing: Issuing product within Stripe's broader payments platform; offers card creation and programme management at global scale and competes for the same BIN-sponsorship and embedded card use cases as PSI-Pay.
- Payoneer: Cross-border payments and multi-currency account platform with card issuing capabilities for businesses and freelancers — adjacent incumbent competing for cross-border wallet and card programmes.
- Galileo Financial Technologies: Sovereign Money branded card-issuing and digital payments platform serving neobanks and fintechs — a broader incumbent in the same issuing and programme management category.
Direct peers
- Mangopay: European-regulated wallet-as-a-service provider powering marketplaces and platforms with e-money accounts, KYC/AML, and payment infrastructure — a near-direct functional analogue to PSI-Pay's Wallet-as-a-Service offering.
- Banking Circle: Licensed payments bank providing account, card issuing, KYC and cross-border payment infrastructure for fintechs and payments businesses — highly comparable in regulated B2B infrastructure services.
- Modulr: FCA and Central Bank of Ireland-regulated Payments-as-a-Service provider offering accounts, payment initiation and embedded finance APIs — overlapping with PSI-Pay's regulated infrastructure offerings and listed as a partner.
- Solaris SE: Germany-based Banking-as-a-Service platform offering e-money accounts, card issuing, KYC/AML, and payment processing under BaFin licence — directly comparable to PSI-Pay's regulated infrastructure stack.
- Treezor: French ACPR-licensed EMI-as-a-service platform offering KYC, accounts, card issuing and payment APIs — comparable European EMI sponsor serving fintech and corporate clients.
- Marqeta: Global modern card-issuing platform providing APIs for consumer, commercial and prepaid card programmes; competes with PSI-Pay's BIN Sponsorship and wallet infrastructure for the same fintech and programme manager clients.
- Thredd: Card processing and programme management platform that supports card issuing, BIN sponsorship and tokenisation for fintechs — directly overlapping with PSI-Pay's BIN Sponsorship and Program Management solutions.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
PSI-Pay social profiles
Digital presencePSI-Pay financial estimates
Financial estimateRevenue estimate
Valuation estimate
PSI-Pay leadership team
Management profileNumber of profiles
Profiles12 records
PSI-Pay subsidiaries and ownership
Company hierarchySubsidiaries1 record
PSI-Pay funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PSI-Pay M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PSI-Pay
What does PSI-Pay do?
PSI-Pay is a UK FCA-regulated e-money institution that provides modular fintech payment infrastructure to businesses, including end-to-end Wallet-as-a-Service, BIN Sponsorship for card issuance across Mastercard, Visa and Discover, KYC & AML compliance, a global Payment Gateway, 24/7 Program Management, custom software R&D, and PSICyber cybersecurity services. The platform supports 44 currencies and 173 countries, processes over $2Bn in annual transactions, and has issued more than 3M cards globally.
Is PSI-Pay a public or private company?
PSI-Pay is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was PSI-Pay founded?
PSI-Pay was founded in 2007. It employs 51 to 100 people.
Where is PSI-Pay based?
PSI-Pay is headquartered in Horsham, United Kingdom, in the Europe region.
How does PSI-Pay make money?
Seven revenue lines are on record. Wallet as a Service (B2B Infrastructure Fees) is the primary driver. The others are BIN Sponsorship, KYC & AML Services, payment Gateway, program Management, cyber Security (PSICyber) and research & Development Services.
Who are PSI-Pay's main competitors?
Broad incumbents on record are Stripe Issuing, Payoneer and Galileo Financial Technologies. Direct peers are Mangopay, Banking Circle, Modulr, Solaris SE, Treezor, Marqeta and Thredd.
Does PSI-Pay have an API?
Yes. PSI-Pay offers a client API that enables integration with wallet services. Through this API, partners like MoneyJar integrate their existing mobile applications to access functionality including customer identity verification through integrated partners, physical and virtual Mastercard payment card issuance and management, personalized local Virtual IBANs for account funding and SEPA bank transfers, credit and debit card top-ups through acquiring partners, instant peer-to-peer transfers, and savings jar management. The API supports the broader wallet ecosystem allowing funds to flow smoothly within a unified platform.
What industry is PSI-Pay in?
Its primary akta.pro industry code is FSAGABAE, Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure, with a secondary code of FSAGAAAF, Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P). Its NAICS code is 522210 and its SIC code is 6199.