Bank Index

Luxon Payments Limited

E-money or payment institution · NOTTINGHAM, United Kingdom · overall 4.8 / 10

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How this 4.8 is built

Average of 10 scored needs: 4.8. Regulation in United Kingdom: 91/100 (World Bank governance indicators). Licence confirmed by a regulator's own list. 1 score backed by filings or its own pages.

LUXON PAYMENTS LTD is recorded in the global register as an e-money or payment institution in NOTTINGHAM, United Kingdom. The register names Financial Conduct Authority as its regulator and shows the licence as registered. Established 2018. Collected from open registers.

On its own website: “Welcome to Luxon Pay, the multi-currency eWallet that doesn’t charge customers any fees to deposit, withdraw, exchange or transfer money around the world.*”

Legal name
LUXON PAYMENTS LTD
Regulated by
Financial Conduct Authority
Licence confirmed
yes, on a regulator's own list
Established
2018
LEI
8945008Q3VTY8RMNBH53
Website
luxon.com

Scores, 0 to 10

6.0United Kingdom
Licensed and operating in its home country per the register entry; the depth of its offer here has not been checked yet. · source
6.0Fast digital onboarding
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
6.0Online businesses: e-commerce and SaaS
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Lowest fees
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Fintech companies that need a partner bank
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.5Startups & VC-backed companies
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
5.0Business cards (Visa, Mastercard)
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
4.5Cross-border payments, FX and multi-currency accounts
Its own business page names SEPA, SWIFT, so payments can leave the country. The score stops at 4.5 because the page did not give the currencies the account holds or the margin on the exchange rate, and the rubric needs both to go higher. · source
4.0Financial strength & stability
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
3.5Trade, manufacturing & import-export
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source
2.0Best interest on business balances
An e-money or payment institution: it moves money and issues accounts but takes no deposits and lends nothing. · source

Sources

Built on public information and the BankStore team's own aggregated experience; no confidential client or partner data. Bank Index and BankStore are not banks. This is information, not financial advice.