NexPay, operating under the brand name Globitex, is an electronic money institution based in Lithuania. It specializes in providing IBAN accounts and cryptocurrency exchange services to individuals and businesses.One of the main services offered by  NexPay is virtual IBAN accounts. These accounts allow customers to receive and send payments in multiple currencies, making it convenient for international transactions. The virtual IBAN accounts provided by  NexPay are fully regulated and compliant with the necessary financial regulations.In addition to IBAN accounts,  NexPay also offers cryptocurrency exchange services. Customers can buy, sell, and trade various cryptocurrencies on the platform. This allows individuals and businesses to easily access the cryptocurrency market and manage their digital assets.As of 2020,  NexPay had total customer funds to be safeguarded amounting to 20.56 million EUR. This indicates that the institution takes the security and protection of customer funds seriously.Furthermore,  NexPay generated a gross profit of 844,000.00 EUR in the same year. This demonstrates the financial stability and profitability of the institution. NexPay is authorized and regulated by the Bank of Lithuania, ensuring that it operates in accordance with the necessary financial regulations and standards. This regulatory oversight provides customers with confidence in the institution operations and the security of their funds.Overall,  NexPay (Globitex) is an electronic money institution that offers virtual IBAN accounts and cryptocurrency exchange services. With its focus on compliance, security, and profitability, it aims to provide convenient and reliable financial solutions to its customers.

Risk Appetite

Risk AppetiteLow Risk ,License TypeElectonic Money Institution,RegulatedYes

Features

3D Secure Processing,Cross Border Payments,Currency Conversion,Payouts,Real Time Payments

Solutions

Cross-border Payments,IBAN Account,Master Merchant Account,Monitoring & Reporting,Online Payments,Risk Management & Security

Accepted Industries

E-commerce,Financial Services,Marketplaces

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