PAYMIQ FINANCIAL GROUP LTD provides electronic payment services, including named virtual IBANs and SEPA payments, regulated by FINTRAC to ensure compliance and security. The platform simplifies financial management for individuals and businesses by offering fast onboarding, mobile banking, and flexible fee structures.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional banking solutions often lack the flexibility and speed required by modern businesses and individuals, especially regarding international payments and multi-currency management. Setting up accounts can be slow and cumbersome, and managing finances across different platforms can be inefficient.
Solution
PAYMIQ FINANCIAL GROUP LTD provides a suite of electronic payment services designed to streamline financial management. The platform offers named virtual IBANs, SEPA payments in EUR, and FPS/CHAPS payments in GBP, catering to both individual and business needs. With fast onboarding, a mobile banking app, and flexible fee structures, PAYMIQ aims to create a more comfortable and less distracted payment environment. Users can access their accounts from multiple devices and benefit from enhanced security features like two-factor authentication and remote ID verification.
Target Audience
PAYMIQ's primary customers are individuals and businesses seeking efficient and flexible electronic payment solutions, including international transactions and multi-currency account management.
Features
- Named virtual IBANs for individual and corporate accounts
- SEPA payments in EUR within the EU & EEA, including SEPA Instant
- FPS/CHAPS payments in GBP
- Mobile banking app available for Android and iOS with an intuitive interface
- Multi-device access (laptop, PC, tablet, smartphone)
- Remote KYC and ID verification
- Enhanced security with two-factor authentication and OTP