Malta · Payments & e-money
Finance Incorporated Limited
Finance Incorporated Limited is a Maltese private limited company based in Sliema. The Malta Financial Services Authority (MFSA) licenses it under the Financial Institutions Act to issue electronic money and provide payment services. Doxxon Finance Limited, a Malta-based holding company, owns the firm. It provides business accounts (Paymix Pro), personal e-wallets (iPaymix), card issuing and merchant acquiring (Paymix SoftPOS and Paymix VIA) to businesses, consumers, merchants and financial institutions. It traded as Paymix Ltd until 2020 and says it became a Visa principal acquiring member in March 2023.
Licences and registrations
Held by Finance Incorporated Limited (LEI 213800LV3887OL9JK947). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterMalta Financial Services AuthorityLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | C55838 | Malta | Active | 2014-04-23 | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PYMXMTMTXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under PYMXMTMT directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · SDD Core · VOP · TIPS
- Branch codes
- 1 branch code
- BIC first registered
- 2014-05-31
- Last updated
- 2025-02-20
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
Doxxon Finance Limited
Firm type
E-money and accounts
Trades as Paymix (Paymix Pro, iPaymix, Paymix SoftPOS, Paymix VIA)
- Ownership
- The firm states that Doxxon Finance Limited, a Malta-based investment holding company, owns it. It does not publish the percentage held.
- Direct parent
- Doxxon Finance Limited, Malta
- Head office
- The Centre Level 3, Censu Xerri Street, Tigne' Point, TPO 0001 Tas-Sliema, Malta
- Company register
- Malta Business Registry C55838
- Incorporated
- 2012
- Former name
- Paymix Ltd
Online
- Websites & references
- financeincorp.com ↗
paymix.pro ↗ Paymix Pro business account site
ipaymix.com ↗ iPaymix personal e-wallet site
paymix.eu ↗ Paymix SoftPOS site
paymixvia.com ↗ Paymix VIA payment gateway site - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 13 pages consulted
- financeincorp.com/
- financeincorp.com/about_us/
- financeincorp.com/people/
- financeincorp.com/imprint/
- financeincorp.com/solutions/
- ipaymix.com
- ipaymix.com/terms-personal-account.php
- paymix.pro
- doxxon.com/
- maltabusinessweekly.com/finance-incorporated-limited-obtains-visa-membership-for-acquiring/22282/
- ibsintelligence.com/ibsi-news/phos-and-paymix-bring-tap-to-pay-tech-to-germany-eu-markets/
- paymentinstitutions.eu/member/finance-incorporated-limited/
- businesswire.com/news/home/20230404005235/en/Malta-Based-Finance-Incorporated-Limited-Launches-ThetaRay-AI
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The MFSA licenses the firm under the Financial Institutions Act (Chapter 376 of the Laws of Malta) to provide payment services and to issue electronic money. The EBA register lists it as an electronic money institution since 23 April 2014.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Malta Financial Services Authority Malta | Financial institution licence: payment services (2nd Schedule) and issuing electronic money (3rd Schedule) under the Financial Institutions Act | C55838 | In its own name | Active | financeincorp.com ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsIts account terms say it safeguards customer funds under Article 10B of the Financial Institutions Act in a separate account at a credit institution. It does not name the bank.
- Payment schemes and card networks
- Visa Direct financeincorp.com ↗
Mastercard Direct financeincorp.com ↗
SEPA Credit Transfer Direct financeincorp.com ↗
Swift Access not stated paymix.pro ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It offers EUR business accounts with SEPA and Swift transfers and cards (Paymix Pro), personal e-wallets with a Maltese IBAN and Mastercard card (iPaymix), SoftPOS and e-commerce acquiring (Paymix SoftPOS and Paymix VIA) and white-label card programmes for institutions.
It serves customers from Malta. iPaymix personal accounts require residence in the EU or EEA, and it launched Paymix SoftPOS in Germany in 2023.
- Revenue
- EUR 21.2m
- Payment volume
- EUR 7bnAmount of payments (as stated in the firm's '2025 Report' figures on its homepage)
- Sells to
- Small businesses · Enterprises · Consumers · Financial institutions · Platforms and marketplaces
- Serves customers in 2 countries
- Malta · Germany
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Cenk Kahraman
Chief Executive Officer and Executive Board Member
- Chair
-
Robert C. Aquilina
Chairman
- Chief financial officer
-
Amanda Camenzuli
Chief Financial Officer
- Compliance / MLRO
-
Maja Andreevska-Blazhevska
Head of Financial Crime Compliance & MLRO
- Executive
-
Mina Mitkova
Chief Operating Officer
- Executive
-
Catherine Bannister
Chief Legal Officer
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm launched Paymix SoftPOS in Germany, developed through a partnership with the SoftPOS provider Phos.
ibsintelligence.com ↗ -
Licence
The firm announced that it had obtained Visa principal acquiring membership, giving it direct access to the Visa network.
maltabusinessweekly.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
Head-office record
- BIC
- PYMXMTMTXXX
- How the BIC breaks down
- PYMXBank
- MTCountry · Malta
- MTLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800LV3887OL9JK947
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- C55838
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry ID
- 6a5da9278a5c
- National bank code
- Sort code 09014 + 1 more
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Money remittance
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Malta
- Country · region
- Malta · Middle East & North Africa
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- THE CENTRE TIGNE' POINT 3/ F, CENSU XERRI STREET SLIEMA TPO 0001 MALTA
- Operational address
- THE CENTRE TIGNE' POINT FLOOR 3 CENSU XERRI STREET SLIEMA TPO 0001 SLIEMA MALTA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>PYMXMTMTXXX</BICFI>
<LEI>213800LV3887OL9JK947</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>PYMXMTMTXXX</BICFI>
<LEI>213800LV3887OL9JK947</LEI>
<Nm>FINANCE INCORPORATED LIMITED</Nm>
<PstlAdr>
<TwnNm>SLIEMA</TwnNm>
<Ctry>MT</Ctry>
<AdrLine>THE CENTRE TIGNE' POINT 3/ F, CENSU XERRI STREET SLIEMA TPO 0001</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2019-02-08 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2022-12-12 | Head office | — |
| SEPA Direct Debit CoreISO 20022 messages | 2019-02-08 | Head office | — |
| Verification of Payee | 2025-10-03 | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Sort code · Malta
2 codes file of 2026-09-23
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 09014 | PYMXMTMTXXX | Finance Incorporated Ltd. | Swatar |
| 09025 | PYMXMTMTMAL | Finance Incorporated Ltd. | Swatar |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
Network
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| PYMXMTMTMAL | — | Sliema | THE CENTRE TIGNE' POINT FLOOR 3 CENSU XERRI STREET SLIEMA TPO 0001 SLIEMA MALTA | — | 2025-02-20 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of TIPS participants and reachable parties.
- National bank codes—Malta (Source: Central Bank of Malta).
- EBA PSD2 Register—European Banking Authority (EBA) · register ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: financeincorp.com (official website) · original; Cenk Kahraman: financeincorp.com (official website) · original; Robert C. Aquilina: financeincorp.com (official website) · original; Amanda Camenzuli: financeincorp.com (official website) · original; Maja Andreevska-Blazhevska: financeincorp.com (official website) · original; Mina Mitkova: financeincorp.com (official website) · original; Catherine Bannister: financeincorp.com (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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