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AltPay extends financial solutions through payments expert ONPEX

Press Release: ONPEX enables AltPay to achieve growth plans by extending product offering with cross-border payments and transaction banking.

Luxembourg, 11th November 2019: ONPEX, a leading provider of multi-currency IBAN accounts, has partnered with UK-based regulated eMoney institution (EMI), AltPay. The partnership will enable AltPay to offer efficient and affordable payments solution to its existing customers, while helping the EMI to achieve its ambitious growth plans for 2020 and beyond.

This new collaboration will allow AltPay to provide its customers with an improved selection of financial services, being fully facilitated and provided by ONPEX. These include; cross-border SWIFT and European SEPA payments, as well as access to multi-currency IBAN account issuing. As a result, AltPay’s customers will be able to trade seamlessly across borders, transact and receive funds in up to 25 currencies globally.

AltPay provides SMEs from various industries with alternative solutions to classical banking and payment services. To integrate these new solutions into its current product offering, the company will be making use of ONPEX’ API-driven modular platform. This approach allows AltPay to build its own financial services by simply picking and choosing the financial features needed.

Through API-connectivity, AltPay can seamlessly integrate the selected features into its existing infrastructure and offer these services to its customer base.

Before working with ONPEX, AltPay faced the challenge of finding cost-efficient and reliable suppliers that would help integrate services necessary to its infrastructure and product offering. With ONPEX, it has found a partner with a scalable and modular platform that provides the necessary means to expand the EMI’s business.

Artjoms Dozorcevs, founder and CEO of AltPay, explained: “ONPEX was recommended to us by several trusted sources. With its efficient and easy-to-use universal solution, it will be helping us achieve a sustainable organic growth rate, while increasing the quality of the services we provide to our customers. Its solutions are cost-efficient and convenient, enabling our customers to trade across the globe, whether it’s within the EEA, Asia, or the USA.”

Christoph Tutsch, CEO at ONPEX, added: “The partnership has been mutually beneficial. We are confident we can help the company reach its growth plans. So far, the integration phase is going smoothly. We aim to generate a higher customer flow for AltPay when ONPEX’ solutions are available to its customer base.”

Visit ONPEX’ brand new website to learn more about building tailored financial services using its flexible API-based solutions: https://onpex.com/.


Notes to Editor


ONPEX is a global provider of modular payment and transaction banking solutions. The Luxembourg-regulated Payment Institution combines multi-currency IBAN accounts, FX, global transfers, and ePayments into one easy-to-use cloud-based platform. All ONPEX’ services are available via API and web UI with optional white-label capability, enabling digital businesses to offer their own financial services to drive their customers’ success.

Benefiting from ONPEX’ infrastructure, financial institutions, as well as non-regulated businesses expand and simplify their financial services with tailored payment processing and transaction banking. The ONPEX solution is an in-house developed platform and serves to address the needs of digital businesses offering maximum flexibility while ensuring PSD2 compliance. The state-of-the-art platform can be configured for almost any use case involving global and local transfers of currencies.

Founded in 2013, ONPEX persistently strives to add simplicity, transparency, and automation to the transaction banking and payments industry. ONPEX’ team is over 45 strong with staff based in Luxembourg and Munich.

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ONPEX is a leading provider of transaction banking and cross-border payment services to fintechs and digital businesses. Based on our flexible, API-driven BaaS platform, our clients create user-friendly, compliant and cost-efficient solutions.

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