United Kingdom · Payments & e-money
Nexpay Limited
NexPay Limited is a private limited company registered in England, with its office at Chalfont Park, Gerrards Cross. The Financial Conduct Authority (FCA) authorises it as an Authorised Payment Institution under the Payment Services Regulations 2017, with firm reference number 792784. The NexPay group, run from Sydney, describes it as the group's UK entity. Sister companies Nexpay Pty Ltd in Australia and Nexpay Canada Inc. hold the Australian and Canadian authorisations. The group processes cross-border tuition, accommodation and other education payments for students, parents, education agents and schools. According to the group, Nexpay Pty Ltd may contract with a customer while Nexpay Limited processes payments for certain corridors under an intercompany arrangement.
Licences and registrations
Held by Nexpay Limited (LEI 9845008TZ70EA3B74A82). 3 entries on 3 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 | 792784 | United Kingdom | Active | 2018-04-04 | — |
|
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| HMRC MLR Supervised Business RegisterHMRCLinked by LEI. Matched by Elucidate on the UK company number the register gives. | Money Service BusinessMoney Transmitter / Remittance | XLML00000165998 | United Kingdom | Active | 2021-10-14 | — |
|
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| FCA Financial Services Register - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900969 | United Kingdom | Cancelled - Authorised EMI | — | Ended |
|
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- 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
- NEXYGB22XXX 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 NEXYGB22 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
- 2023-09-02
- Last updated
- 2023-09-02
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Not published
Firm type
Money remittance
Trades as NexPay
- Ownership
- The firm describes itself as the NexPay group's UK entity, but Companies House holds a statement that the company has no registrable person or registrable relevant legal entity.
- Head office
- Building 1, Chalfont Park, SL9 0BG Gerrards Cross, United Kingdom
- Company register
- Companies House 11007325
- Incorporated
- 11 Oct 2017
- Founders
- Dipra Ray · Jerry Stesel
Online
- Websites & references
- nexpay.com.au ↗
app.nexpay.com.au ↗ customer portal (login and sign-up)
nexpay1.statuspage.io ↗ status page - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗
Sources · 12 pages consulted
- find-and-update.company-information.service.gov.uk/company/11007325
- find-and-update.company-information.service.gov.uk/company/11007325/officers
- find-and-update.company-information.service.gov.uk/company/11007325/persons-with-significant-control
- nexpay.com.au/group-regulatory-disclosure/
- nexpay.com.au/trust/
- nexpay.com.au/
- nexpay.com.au/locations/london/
- nexpay.com.au/about/
- nexpay.com.au/documents/press/nexpay-qualy-open-alternative.pdf
- fca.org.uk/publication/foi/foi8087-response-annex-1.pdf
- ffnews.com/newsarticle/fintech/nexpay-announces-new-board-appointments-including-chair-and-chief-ris
- computerworld.com/article/3518155/australian-startup-snapshot-nexpay.html
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises NexPay Limited as an Authorised Payment Institution under the Payment Services Regulations 2017 (FRN 792784). Australian and Canadian services run under the licences and registrations of sister companies Nexpay Pty Ltd and Nexpay Canada Inc.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 792784 | In its own name | Active | nexpay.com.au ↗ |
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 relevant funds are safeguarded in segregated safeguarding accounts provided by Banking Circle, as the Payment Services Regulations 2017 require. It also states that the Financial Services Compensation Scheme does not cover them.
- Safeguarding bank · Settlement bank
- Banking Circle Luxembourg
- Settlement bank
- Barclays United Kingdom
- Acquirer / processor
- Checkout.com
- Acquirer / processor
- Worldline
- Payment schemes and card networks
- Faster Payments Access not stated nexpay.com.au ↗
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 processes tuition payments to UK education providers, paid in local currency from India, Brazil, Colombia, Chile, Mexico, Argentina, Peru, Ecuador and Vietnam and delivered in GBP.
According to the group, its UK office supports British universities, pathway providers and schools across the UK and Europe, and the agents who send students to them.
- Sells to
- Consumers · Small businesses · Enterprises
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Piew Thong Yap Director (NexPay Limited); CEO, NexPay
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
Co-founder Dipra Ray resigned as a director of NexPay Limited, leaving Piew Thong Yap as its only active director.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The NexPay group appointed David Johnstone as non-executive chair and Clive Wilson as Chief Risk & Governance Officer. These were group-level appointments.
ffnews.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
- NEXYGB22XXX
- How the BIC breaks down
- NEXYBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 9845008TZ70EA3B74A82
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 792784
- Licence no. · HMRC-MLR
- XLML00000165998
- Licence no. · FCA-EMI
- 900969
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 86eccdfd82ba
Profile
- Type
- Payments & e-money · Money service businessPayment 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
- 3 entries on 3 registers
- Activities
- Payment services
- Money remittance
- Currency exchange
- E-money / stored value
- Licensed in
- United Kingdom
- 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
- BUILDING 1 CHALFONT PARK GERRARDS CROSS CHALFONT ST. PETER LONDON
- Operational address
- GERRARDS CROSS CHALFONT ST. PETER LONDON LONDON SL9 0BG
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>NEXYGB22XXX</BICFI>
<LEI>9845008TZ70EA3B74A82</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>NEXYGB22XXX</BICFI>
<LEI>9845008TZ70EA3B74A82</LEI>
<Nm>NEXPAY LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>BUILDING 1 CHALFONT PARK GERRARDS CROSS CHALFONT ST. PETER LONDON</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
- HMRC MLR Supervised Business Register—HM Revenue & Customs (HMRC) · register ↗ as at 24 September 2026
- FCA Financial Services Register - E-Money Institutions—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: nexpay.com.au (official website) · original.
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