# KwiikPay: Business account

> Named virtual accounts in GBP, EUR and USD in your company's name, from KwiikPay, a Canadian money services business: collections and payouts by SEPA Instant, Faster Payments, Fedwire and SWIFT, FX in 40+ currencies and stablecoin settlement. Prices come as a written quote.

Finzil profile: https://finzil.com/providers/kwiikpay · Provider website: https://kwiikpay.io · Facts checked: 2026-10-20

## Key facts

- **Monthly fee:** Not published (written quote)
- **Currencies:** 3 (GBP, EUR, USD; FX in 40+)
- **Onboarding:** 3–5 days (typical)
- **Provider type:** Money services business (Canada)
- **IBAN:** Named virtual accounts (vIBANs) in GBP, EUR and USD
- **Payment rails:** SEPA, SEPA Instant, Faster Payments, SWIFT, Fedwire
- **Safeguarding:** Segregated accounts
- **Remote opening:** Yes
- **Headquarters:** Canada
- **Currency codes:** GBP, EUR, USD
- **Trustpilot:** 3.7 from 1 reviews (checked 2026-10-20)

## Who can apply

- **Non-resident owners** (owner or director living outside the company's country): Not published
- **Countries of incorporation accepted:** Åland Islands, Albania, Algeria, American Samoa, Andorra, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Cameroon, Canada, Cape Verde, Caribbean Netherlands, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo - Brazzaville, Cook Islands, Costa Rica, Côte d’Ivoire, Croatia, Curaçao, Cyprus, Czechia, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Estonia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Heard & McDonald Islands, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macao SAR China, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, Samoa, San Marino, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Seychelles, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia & South Sandwich Islands, South Korea, Spain, Sri Lanka, St. Barthélemy, St. Helena, St. Kitts & Nevis, St. Lucia, St. Martin, St. Pierre & Miquelon, St. Vincent & Grenadines, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad & Tobago, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Outlying Islands, U.S. Virgin Islands, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Vietnam, Wallis & Futuna, Western Sahara, Zambia (only these)
- **Countries of incorporation refused:** Afghanistan, Angola, Belarus, Burundi, Cambodia, Central African Republic, Cuba, North Korea, Congo - Kinshasa, Eritrea, Eswatini, Ethiopia, Gabon, Haiti, Iran, Iraq, Laos, Lebanon, Libya, Mali, Mongolia, Myanmar (Burma), Nicaragua, Niger, Palestinian Territories, China, Russia, Sierra Leone, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, Zimbabwe
- **Owner residency accepted:** Åland Islands, Albania, Algeria, American Samoa, Andorra, Anguilla, Antarctica, Antigua & Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bosnia & Herzegovina, Botswana, Bouvet Island, Brazil, British Indian Ocean Territory, British Virgin Islands, Brunei, Bulgaria, Burkina Faso, Cameroon, Canada, Cape Verde, Caribbean Netherlands, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo - Brazzaville, Cook Islands, Costa Rica, Côte d’Ivoire, Croatia, Curaçao, Cyprus, Czechia, Denmark, Djibouti, Dominica, Dominican Republic, Ecuador, Egypt, El Salvador, Equatorial Guinea, Estonia, Falkland Islands, Faroe Islands, Fiji, Finland, France, French Guiana, French Polynesia, French Southern Territories, Gambia, Georgia, Germany, Ghana, Gibraltar, Greece, Greenland, Grenada, Guadeloupe, Guam, Guatemala, Guernsey, Guinea, Guinea-Bissau, Guyana, Heard & McDonald Islands, Honduras, Hong Kong SAR China, Hungary, Iceland, India, Indonesia, Ireland, Isle of Man, Israel, Italy, Jamaica, Japan, Jersey, Jordan, Kazakhstan, Kenya, Kiribati, Kosovo, Kuwait, Kyrgyzstan, Latvia, Lesotho, Liberia, Liechtenstein, Lithuania, Luxembourg, Macao SAR China, Madagascar, Malawi, Malaysia, Maldives, Malta, Marshall Islands, Martinique, Mauritania, Mauritius, Mayotte, Mexico, Micronesia, Moldova, Monaco, Montenegro, Montserrat, Morocco, Mozambique, Namibia, Nauru, Nepal, Netherlands, New Caledonia, New Zealand, Nigeria, Niue, Norfolk Island, North Macedonia, Northern Mariana Islands, Norway, Oman, Pakistan, Palau, Panama, Papua New Guinea, Paraguay, Peru, Philippines, Pitcairn Islands, Poland, Portugal, Puerto Rico, Qatar, Réunion, Romania, Rwanda, Samoa, San Marino, São Tomé & Príncipe, Saudi Arabia, Senegal, Serbia, Seychelles, Singapore, Sint Maarten, Slovakia, Slovenia, Solomon Islands, South Africa, South Georgia & South Sandwich Islands, South Korea, Spain, Sri Lanka, St. Barthélemy, St. Helena, St. Kitts & Nevis, St. Lucia, St. Martin, St. Pierre & Miquelon, St. Vincent & Grenadines, Suriname, Svalbard & Jan Mayen, Sweden, Switzerland, Taiwan, Tajikistan, Tanzania, Thailand, Timor-Leste, Togo, Tokelau, Tonga, Trinidad & Tobago, Tunisia, Türkiye, Turkmenistan, Turks & Caicos Islands, Tuvalu, U.S. Outlying Islands, U.S. Virgin Islands, Uganda, Ukraine, United Arab Emirates, United Kingdom, United States, Uruguay, Uzbekistan, Vanuatu, Vatican City, Vietnam, Wallis & Futuna, Western Sahara, Zambia
- **Owner residency refused:** Afghanistan, Angola, Belarus, Burundi, Cambodia, Central African Republic, Cuba, North Korea, Congo - Kinshasa, Eritrea, Eswatini, Ethiopia, Gabon, Haiti, Iran, Iraq, Laos, Lebanon, Libya, Mali, Mongolia, Myanmar (Burma), Nicaragua, Niger, Palestinian Territories, China, Russia, Sierra Leone, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, Zimbabwe
- **Owner nationality refused:** Afghanistan, Angola, Belarus, Burundi, Cambodia, Central African Republic, Cuba, North Korea, Congo - Kinshasa, Eritrea, Eswatini, Ethiopia, Gabon, Haiti, Iran, Iraq, Laos, Lebanon, Libya, Mali, Mongolia, Myanmar (Burma), Nicaragua, Niger, Palestinian Territories, China, Russia, Sierra Leone, Somalia, Sudan, South Sudan, Syria, Venezuela, Yemen, Zimbabwe
- **Company types accepted:** Registered companies

## Industries

- **Industries served:** Import and export, Marketplaces, E-commerce, SaaS
- **Prohibited industries (provider's own list):** Arms and defence, including weapons, explosives and ammunition; Illegal, unregulated or unlicensed gambling and gaming; Unregulated or unlicensed Money Service Businesses or unlicensed and unregulated exchanges, including virtual assets; Illegal sale or distribution of recreational drugs, Class A drug dealing, cartels, and CBD/cannabis-related businesses; Unlicensed pharmaceuticals, hazardous or controlled chemicals, or precursor chemicals; Research and development of pathogens; Trafficking of cultural artefacts, wildlife or protected species, or human trafficking; Environmental crime; The adult industry (source: https://kwiikpay.io/legal/risk-appetite-statement/)
- **Permitted industries (provider's own list):** Exporters and importers; Platforms and marketplaces; Businesses paying international suppliers or contractors; Treasury and finance teams; Businesses needing multi-currency collection and payouts; Businesses using stablecoin settlement where supported; Businesses embedding global payments via API

## Licences

- Canada: FINTRAC, Money services business, KWP Finance Limited, register no. C100000942 (https://fintrac-canafe.canada.ca/msb-esm/reg-eng)
- Canada: Bank of Canada, Payment service provider (Retail Payment Activities Act), KWP Finance Limited (https://www.bankofcanada.ca/regulatory-oversight/retail-payments/psp-registry/)

Safeguarding: KwiikPay is not a bank. Its virtual accounts sit on safeguarding accounts at regulated banking and e-money partners, which it does not name, separate from its own funds. Fiat is not deposit-insured, and stablecoins are not covered by the same safeguarding.

## Fees

Source: https://kwiikpay.io/resources/multi-currency-business-account/ (checked 2026-10-20)

### Plans

- **Business account:** Custom pricing

### Currency exchange (FX)

- FX markup: Not published · Spread shown before you convert

## Opening an account

Opening an account typically takes three to five business days.

1. **Sign up.** Open the sign-up route and give the account and company details.
2. **KYB.** Complete identity and business checks and screening.
3. **Quote.** Tell KwiikPay the currencies and corridors you need and receive a written quote.
4. **Account live.** After approval, receive the named account details and start collecting and paying.

Documents: Not published

## Pros and cons

- Pro: Named GBP, EUR and USD virtual accounts in your company's name
- Pro: Collections and payouts over SEPA Instant, Faster Payments, Fedwire and SWIFT
- Pro: FX in 40+ currencies, with the spread shown before you convert
- Pro: Stablecoin settlement where supported
- Pro: Licensed gambling accepted
- Con: No prices published; you get a written quote
- Con: Accounts come from partners it does not name
- Con: Only Canadian registrations, no EU or UK licence
- Con: Companies linked to 35 countries refused, including China, Angola, Gabon and Mongolia
- Con: Contact by email or form only

## Finzil's take (opinion)

KwiikPay offers named GBP, EUR and USD accounts with local rails and stablecoin settlement, aimed at exporters and platforms. With only Canadian registrations, unnamed partner banks and no public prices, it is one to compare against licensed EMIs such as Wise or Airwallex, not to choose blind.

## Alternatives

- [Wise Business](https://finzil.com/providers/wise): E-money institution · UK, Belgium
- [Airwallex](https://finzil.com/providers/airwallex): E-money institution · UK
- [Payset](https://finzil.com/providers/payset): E-money institution · UK
- [3S Money](https://finzil.com/providers/3s-money): E-money institution · UK

## FAQ

**Is KwiikPay a bank?**

No. KWP Finance Limited is registered in Canada with FINTRAC as a money services business (C100000942) and with the Bank of Canada as a payment service provider. Accounts are provided through regulated partners.

**How much does KwiikPay cost?**

KwiikPay publishes no prices; it gives each business a written quote, and shows the FX spread before each conversion.

**Which countries does KwiikPay refuse?**

Its risk appetite statement lists 36 prohibited jurisdictions, including China (not Hong Kong), Russia, Belarus, Iran, Iraq, Lebanon, Cambodia, Laos, Mongolia, Angola, Gabon, Ethiopia, Venezuela and Ukraine's Crimea, Donetsk and Luhansk.

**Does KwiikPay accept gambling businesses?**

Licensed gambling, yes; illegal, unregulated or unlicensed gambling and gaming is prohibited.

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