Coming soon
Your gateway to global payments
Novion Pay is preparing multi-currency accounts and cross-border payments for internationally active businesses, from the United Kingdom, subject to FCA authorisation.
Regulatory status
Novion Pay Limited is applying to the Financial Conduct Authority for authorisation as an Authorised Electronic Money Institution under the Electronic Money Regulations 2011, with associated permissions under the Payment Services Regulations 2017. Until authorisation is granted, Novion Pay does not issue electronic money or provide payment services.
Where we are
Preparing for launch
Novion Pay is being built step by step, with the regulatory and operational groundwork first. Here is where things stand today.
2 of 6 milestones complete, 2 in progress
- 01Complete
Entity established
Novion Pay Limited set up as a dedicated payments entity within Novion Capital Group, operating from the United Kingdom.
- 02Complete
Governance and controls
Governance, risk management, safeguarding and compliance oversight frameworks in place.
- 03In progress
FCA authorisation
Applying for authorisation as an Authorised Electronic Money Institution, with associated payment services permissions.
- 04In progress
Platform build
Developing multi-currency accounts and payment execution across UK and SEPA payment infrastructure.
- 05Upcoming
Card programme
Business payment card issuance, subject to card scheme approval.
- 06Upcoming
Launch
Onboarding our first business customers, once authorised.
What we're building
Payments for businesses that operate across borders
Subject to authorisation, Novion Pay intends to offer a consolidated set of payment and electronic money services.
- Planned
Multi-currency accounts
Electronic money accounts in multiple currencies, supported by virtual IBANs. - Planned
Domestic and cross-border payments
Payment execution across UK and SEPA payment infrastructure, designed for efficient transactions and account management. - Planned
Foreign exchange
Currency conversion provided alongside your payments. - Planned
Payment cards
Business payment cards linked to your accounts.Subject to card scheme approval
- Planned
Embedded finance
A controlled Payments-as-a-Service offering for partners embedding payments in their own products.In due course
Our approach
Designed for a regulated framework
Novion Pay is being built with governance, risk management and safeguarding at its core, proportionate to the nature, scale and complexity of its activities.
Novion Pay will not undertake deposit-taking, lending or investment business.
Built for international businesses
One consolidated payments solution for small and medium-sized enterprises that operate across borders.
A separate legal entity
Novion Pay will operate independently of other Novion Capital Group entities, with its own governance and compliance oversight.
Safeguarding by design
Customer funds will be safeguarded in accordance with regulatory requirements.
Stay in touch
Want to hear from us as we get closer to launch?
For partnership, press or business enquiries, our team would be glad to hear from you.