United Kingdom · Payments & e-money
Nec Money Transfer Limited
NEC Money Transfer Limited is a private limited company registered in England, with its office in Manor Park, East London. The Financial Conduct Authority (FCA) authorises it as a payment institution under firm reference number 649461, and it trades as NEC Money. Its director Farazy Ikram controls the firm, and the 2024 accounts put his holding at 73.5%. It sends money for retail customers from the UK to other countries, mainly Bangladesh, through its website and mobile app. It also acts as a payment and settlement partner for other regulated money service businesses.
Licences and registrations
Held by Nec Money Transfer Limited (LEI 213800NYHF16GEON4K07). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 649461 | United Kingdom | Active | 2018-06-05 | — |
|
Search the register ↗ |
Trading names on the register: Nec Money (FCA-PSD)
- 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
- NMTRGB22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of NMTRGB22 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2025-07-05
- Last updated
- 2025-07-05
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
Money remittance
Trades as NEC Money
- Ownership
- Farazy Ikram controls the firm, and its 2024 accounts put his holding at 73.5%. Companies House lists him as the only person with significant control.
- Major shareholder
- Farazy Ikram 73.5% · 31 Dec 2024
- Head office
- 1st Floor, Broadway Chambers, 534–536 High Street North, E12 6QN London, United Kingdom
- Company register
- Companies House 07179911
- Incorporated
- 5 Mar 2010
Online
- Websites & references
- necmoney.com ↗
mapp.necmoney.app ↗ customer web application (login and registration), linked from the homepage - Official social accounts
- None found
- Apps
- App Store ↗ · Google Play ↗
Sources · 10 pages consulted
- necmoney.com/
- necmoney.com/regulatory
- necmoney.com/safeguarding-client-funds
- find-and-update.company-information.service.gov.uk/company/07179911
- find-and-update.company-information.service.gov.uk/company/07179911/officers
- find-and-update.company-information.service.gov.uk/company/07179911/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/07179911/filing-history
- find-and-update.company-information.service.gov.uk/company/07179911/filing-history/MzQ5NzUxNDU3NWFkaXF6a2N4/document?format=pdf&download=0
- today.thefinancialexpress.com.bd/stock-corporate/bangladesh-development-bank-signs-agreement-with-nec-money-transfer-17864
- thedailystar.net/business/banking/news/premier-bank-nec-money-transfer-sign-deal-remittance-services-36221
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an authorised payment institution under firm reference number 649461. Older app-store text refers to EEA passporting, which UK firms lost when the Brexit transition period ended on 31 December 2020.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 649461 | In its own name | Active | necmoney.com ↗ |
| HM Revenue & Customs United Kingdom | Money Laundering Regulations registration | XWML00000177197 | In its own name | Status unconfirmed | necmoney.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 accountsThe firm states that it keeps customer funds in segregated accounts with regulated financial institutions and does not use them for its own operations. It does not name the institutions.
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
According to its 2024 directors' report, it mainly sends retail remittances from the UK to beneficiaries abroad, with a focus on the UK–Bangladesh corridor. Its website lists Pakistan, Sri Lanka, India, Nepal, the Philippines and several EU countries as other destinations. In Bangladesh, partner banks pay out its transfers to bank accounts, at branch cash counters or to mobile wallets.
It serves senders in the UK under its FCA authorisation. Subsidiaries in South Africa and Ireland and country sites marked EU, SA and SG serve other markets.
- Revenue
- GBP 1.82m
- Sells to
- Consumers · Financial institutions
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chair
- Farazy Ikram Chairman; Director
- Executive
- Mahela Ishat Farazy Director
- Executive
- Shah Md Anowar Hossain Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm signed a remittance agreement with Bangladesh Development Bank PLC, a state-owned bank, to pay out transfers in Bangladesh.
today.thefinancialexpress.com.bd ↗ -
Leadership
Shahaduj Jaman Santo stepped down as company secretary on 31 May 2026.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm moved its registered office from 624a Romford Road to Broadway Chambers, 534-536 High Street North, London, on 5 December 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Shah Md Anowar Hossain as a director on 21 August 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm reappointed Farazy Ikram as a director on 2 November 2024, after he stepped down on 3 May 2024.
find-and-update.company-information.service.gov.uk ↗ -
Other
Premier Bank signed a remittance service agreement with the firm to pay out its transfers in Bangladesh.
thedailystar.net ↗
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
- NMTRGB22XXX
- How the BIC breaks down
- NMTRBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800NYHF16GEON4K07
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 649461
- 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 on the UK company number the register gives.
- Register-entry ID
- d8d37cf4a913
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
- Payment services
- Licensed in
- United Kingdom
- Website (register)
- www.necmoney.com ↗
- Country · region
- United Kingdom · Europe & Central Asia
- 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
- 624A ROMFORD ROAD, MANOR PARK LONDON E12 5AQ UNITED KINGDOM
- Operational address
- 624A ROMFORD ROAD, MANOR PARK LONDON LONDON E12 5AQ UNITED KINGDOM
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>NMTRGB22XXX</BICFI>
<LEI>213800NYHF16GEON4K07</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>NMTRGB22XXX</BICFI>
<LEI>213800NYHF16GEON4K07</LEI>
<Nm>NEC MONEY TRANSFER LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>624A ROMFORD ROAD, MANOR PARK LONDON E12 5AQ</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.
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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
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · 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: necmoney.com (official website) · original.
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