iSignthis Ltd subsidiary, iSignthis eMoney Ltd, trading as ISXPay® (“the Company”), is pleased to announce it has accepted deposits on behalf of customers to its own issued International Bank Account Numbers (IBANs). The IBANs are interbank network locatable via ISXPay’s SWIFT / Bank Institution Code (BIC) ISEMCY22XXX. Customers are able to log into their accounts via the Probanx.com online banking platform, retrieve balances and execute SEPA transfers held against their IBANs.
The facilities allow the Company to offer its customers;
IBAN based Euro (€) denominated eMoney accounts (EMA), in the name of legal or natural persons
electronic funds transfer from/to any of the ~4300 SEPA1 scheme connected banks and branches in
the EU28, EEA including Norway, Lichtenstein, Monaco, San Marino, Iceland and Switzerland
zero credit risk facilities to ISXPay depositing customers, under the Eurosystem of central banking
fast clearing of Euro (€) settlements from card and payment schemes
International SWIFT inbound and outbound transactions by late January 2019
Corporate EMA facilities are managed from our Cyprus office, via a private banking style relationship management, specifically tailored for our customers in the CFD, FX, spread-betting, Wagering and eGaming industries, and their affiliates. ISXPay has issued more than 25 corporate IBANs, representing estimated annual gross profit contribution for the company over CYFY2019, in excess of $4m. Further corporate applications are being processed.
The Company is focussed on providing corporate customers with EURO (€) denominated eMoney (EMA) services initially, with eMoney accounts in other currency denominations including USD$, GBP£, HKD$, SGD$, CAD$, AUD$ and CHF, by Q2 2019.