“Can a dual-regulated EU+UK EMI become the default embedded finance rails for European PSPs and fintechs?”
Paynetics is a Bulgaria-founded, dual-regulated (EU EMI + UK FCA EMI) embedded finance infrastructure provider offering accounts, IBANs, card issuing as Visa/Mastercard principal member, acquiring, and BIN sponsorship. Originally a payments processor and acquirer, it has positioned itself as an end-to-end BaaS platform for fintechs and PSPs across Europe, expanding to the UK and acquiring Novus in 2024.
Paynetics discloses Paynetics (in-house) as its banking provider, according to the Embedded Finance Index 2026.
Paynetics does not disclose a bank charter of its own; its banking services are provided through Paynetics (in-house).
Paynetics processes payments through Paynetics Acquiring (self-operated). Disclosed money-movement rails: SEPA Instant, SEPA and Faster Payments.
Paynetics's cards are issued through Paynetics (in-house, Visa/Mastercard principal member).
Paynetics's lending and capital products are provided by Paynetics Lending Facilitation (in-house).
The Embedded Finance Index 2026 maps 5 layers in Paynetics's stack: Payments / PSP (Paynetics Acquiring (self-operated)); Money movement (SEPA Instant, SEPA and Faster Payments); Banking / BaaS (Paynetics (in-house)); Card issuing (Paynetics (in-house, Visa/Mastercard principal member)); Lending (Paynetics Lending Facilitation (in-house), Lending Facilitation, Virtual card issuance for BNPL and Credit as a Service).
Paynetics was founded by Ivo Gueorguiev and is headquartered in Sofia, Bulgaria.
Get a read on where your own stack stands against Paynetics and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.