Your Payments and Safeguarding in One Deal
Organizations entering the European market face a familiar bottleneck: the institution that can process their payments usually isn't a bank that can safeguard their funds. Risk-averse institutions steer clear of high-risk payment flows, while the electronic money institutions (EMIs) that specialize in these flows often can't provide safeguarding themselves. The result is a gap that slows down licensing, onboarding, and go-to-market timelines for exactly the companies that need speed the most.
The Problem We're solving
The issue isn't that payments and safeguarding are hard to find separately. It's that finding a bank with the risk appetite for high-risk payment flows and the infrastructure to safeguard client funds properly is rare. Traditional banks tend to deprioritize this segment, and EMIs - while built to move money for higher-risk verticals - aren't equipped to hold and safeguard funds on their own.
That mismatch forces clients to put together multiple vendor relationships, negotiate separate onboarding processes, and absorb the cost and delay of coordinating between parties who weren't built to work together.
That mismatch forces clients to put together multiple vendor relationships, negotiate separate onboarding processes, and absorb the cost and delay of coordinating between parties who weren't built to work together.
What the Dual Pillar Deal Changes
The Dual Pillar Deal removes that friction by bringing both pillars - payments and safeguarding - into one relationship:
Nexpay handles the payments infrastructure, built for high-risk and high-volume flows.
Magnetiq Bank provides the safeguarding services that protect client funds and satisfy regulatory requirements.
Instead of onboarding with two separate institutions sequentially, clients can move through both processes in parallel - cutting the time it typically takes to get fully operational. And because the deal is structured as a single partnership rather than two disconnected vendor relationships, it also reduces the overall cost of getting set up.
Powered by Nexdesk
The Dual Pillar Deal is also connected to Nexdesk, Nexpay's sister company and a MiCA-licensed OTC desk. For clients that need liquidity or OTC execution alongside payments and safeguarding, Nexdesk extends the offering without adding another disconnected vendor to the stack.
Who this is for
The Dual Pillar Deal is built for clients navigating exactly this kind of onboarding complexity:
1. MiCA newcomers entering the European market under the new regulatory framework
2. EMI and PI applicants working through licensing and need safeguarding in place from day one
3. SPIs and PSPs looking to consolidate their payments and safeguarding relationships under one partnership
If your business fits any of these profiles, the Dual Pillar Deal is designed to remove one of the more time-consuming steps in getting to market.
Check Your Eligibility
Payments and safeguarding shouldn't require two separate negotiations, two onboarding timelines, and two sets of compliance checks. The Dual Pillar Deal brings both under one roof - so you can move faster, with lower overhead, from day one.