Iceland · Payments & e-money
Straumur greiðslumiðlun hf.
Straumur greiðslumiðlun hf. is an Icelandic public limited company based in Reykjavík. The Financial Supervisory Authority of the Central Bank of Iceland authorised it as a payment institution on 30 March 2023 under Act No. 114/2021 on payment services. Kvika banki hf. owns all of its shares. Kvika set the firm up after buying a merchant portfolio from Valitor when Rapyd acquired Valitor. The firm offers card acceptance to Icelandic merchants through POS terminals, online payments and payment links. In its merchant terms it describes itself as a payment facilitator. A wholesale acquirer licensed by the card schemes processes and settles its card transactions, and it names Adyen as that acquirer. In August 2026 Kvika said it had started a process to sell the firm.
Licences and registrations
Held by Straumur greiðslumiðlun hf. (LEI 636700DUNR2YSEKH8381). 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 RegisterCentral Bank of Iceland | Payment institutionPayment Institution | 6209221020 | Iceland | Active | 2023-03-30 | — |
|
Search the register ↗ |
- 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.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
100% Kvika banki hf.
Firm type
Merchant acquiring and processing
Trades as Straumur
- Standing
- Kvika banki hf. announced on 12 August 2026 that it had started a sale process for the firm and was in exclusive talks with a potential buyer. It aims to complete the sale before the end of 2026. According to Hluthafinn, Kvika's chief executive named the buyer in talks as Arion banki hf.
- Ownership
- Kvika banki hf., a bank listed in Iceland, owns 100% of the firm directly.
- Direct parent
- Kvika banki hf., Iceland 100%
- Head office
- Katrínartún 2, 105 Reykjavík, Iceland
- Company register
- Iceland company register (Fyrirtækjaskrá) kt. 620922-1020
Online
- Websites & references
- straumur.is ↗
status.straumur.is ↗ service status page
skjolun.straumur.is ↗ developer documentation
thjonustuvefur.straumur.is ↗ merchant service portal - Official social accounts
- None found
Sources · 11 pages consulted
- sedlabanki.is/frettir-og-utgefid-efni/grein/2023-04-04-Straumur-greidslumidlun-hf--faer-starfsleyfi-sem
- straumur.is/
- assets.kvika.is/QMS-Public/Vidskiptaskilmalar-Straums-greidslumidlunar.pdf
- straumur.is/samstarfsadilar
- straumur.is/stefnur-og-skilmalar
- globenewswire.com/news-release/2026/08/12/3343905/0/en/kvika-banki-hf-financial-results-for-q2-2026.html
- hluthafinn.is/vendingar-i-greidslumidlun-kvika-selur-til-arion-og-blikk-a-miklu-skridi/
- hluthafinn.is/kvika-setti-150-milljonir-i-straum-eftir-taprekstur/
- visir.is/g/20242510468d/straumur-fra-rapyd-til-adyen
- visir.is/g/20232401368d/nytt-greidslumidlunarfyrirtaeki-a-vegum-kviku-hefur-starfsemi
- alfred.is/starf/soeludrifinn-vidskiptastjori-1
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Financial Supervisory Authority of the Central Bank of Iceland authorises the firm as a payment institution under Act No. 114/2021. The licence covers payment services under points c, d and e of Article 3(1)(22) of that Act. The firm describes itself as a payment facilitator. A wholesale acquirer licensed by the card schemes authorises, processes and settles transactions on its behalf.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of Iceland (Financial Supervisory Authority) Iceland | Payment institution (greiðslustofnun) under Act No. 114/2021 on payment services | 6209221020 | In its own name | Active | sedlabanki.is ↗ |
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
- Not disclosedThe firm's merchant terms and website pages reviewed do not say how merchant settlement funds are safeguarded.
- Acquirer / processor · Settlement bank
- Adyen Netherlands
- Payment schemes and card networks
- Visa Through a partner assets.kvika.is ↗
Mastercard Through a partner assets.kvika.is ↗
American Express Through a partner assets.kvika.is ↗
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 rents POS terminals and provides online payment pages, payment links and a merchant portal to Icelandic businesses. It also offers dynamic currency conversion for cards issued abroad.
It serves merchants in Iceland. Its merchant terms are governed by Icelandic law and settle in ISK, with settlement in foreign currency by agreement.
- Sells to
- Small businesses · Enterprises
- Serves customers in
- Iceland
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Sigurlaug Lilja Ólafsdóttir Framkvæmdastjóri (Managing Director)
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
Kvika banki started a sale process for the firm and entered exclusive talks with a potential buyer. It aims to complete the sale before the end of 2026.
globenewswire.com ↗ -
Funding
Hluthafinn reported that Kvika banki put ISK 150 million into the firm after it lost more than ISK 100 million in 2025.
hluthafinn.is ↗ -
Other
The firm signed an agreement with Adyen for card acquiring, replacing Rapyd, which had acquired its transactions since 2023.
visir.is ↗
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
- Licence no. · EBA-PSD2
- 6209221020
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name, country and address
- Elucidate firm ID
- 6bdc965f8137
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.
- Main licence class
- Payment Institution
- Activities
- Payment services
- Card acquiring
- Licensed in
- Iceland · Europe & Central Asia
- First registered
- 2023-03-30
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
- Direct parent
- Kvika banki hf. · Iceland254900WR3I1Z9NPC7D84 ↗
The Kvika banki hf. group has 3 institutions in the directory, in 2 countries: 2 hold a BIC and 1 does not.
Including Ea Fjarfestingarfelag Hf. Filialas, Kvika Banki Hf..
See the Kvika banki hf. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- Katrínartúni 2, Reykjavik, 105
- Country
- Iceland
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in one address line
<FinInstnId>
<LEI>636700DUNR2YSEKH8381</LEI>
<Nm>Straumur greiðslumiðlun hf.</Nm>
<PstlAdr>
<PstCd>105</PstCd>
<TwnNm>Reykjavik</TwnNm>
<Ctry>IS</Ctry>
<AdrLine>Katrínartúni 2</AdrLine>
</PstlAdr>
</FinInstnId>- CBPR+ does not accept the characters ð í ú in names and addresses. Transliterate before sending.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
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 →Register for this page
- EBA PSD2 Register—European Banking Authority (EBA) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- 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.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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