Get Started
Thousands of businesses trust us to simplify international payments, reduce the impact of currency fluctuations on their bottom line, and bring clarity to multi-currency account management. Fill in this short form to connect with one of our specialists who will be in touch to help you get started.
fdsfdsfdsds
We also support individuals with their currency exchange and international transactions. Whether you're buying or selling property abroad, transferring funds across borders, or moving pensions or savings internationally, our expert team is here to help.
Find out moretest
Challenges we know you have Challenges we know you have Challenges we know you have Challenges we know you have Challenges we know you have Challenges we know you have Challenges we know you have Challenges we know you have Challenges we know you have
IFX provides: Local collection + payout capabilities and SWIFT payments without requiring direct connectivity buildout. Tailored support for WTR-aligned payment messaging. Outcome: Market-level UX without building your own global banking network
IFX provides: Aggregated FX liquidity and access to 70+ currencies. Real-time quoting APIs for live rates across 40+ currencies. Outcome: Price certainty for clients without heavy treasury complexity
IFX provides: Bespoke pricing models to support scalable revenue design—FX margins, payment fees, account fees, and volume-based structures. Outcome: Higher per-transaction margin + diversified revenue streams
wayne
test
again
test
testeeeee
ee
Table comparing 3 different types of international payment solution provider Pros Cons Specialised cross-border payment providers (like IFX) Efficient account opening and onboarding Multi-currency accounts, virtual IBANs, and sub-accounts (in some cases) Competitive exchange rates Pricing that reflects your transaction volume or industry-specific needs Proactive, human support Choice of payment routes (SWIFT, SEPA, Faster Payments) […]
Welcome to the weekly market update from IFX payments. The global economy was allowed a brief sigh of relief this morning as big movements were made in the US and China trade talks. Read on to find out more. Current rates Currency pair Rate eur usd 1.1099 gbp eur 1.1864 gbp usd 1.3170 Rates correct as […]
Following a deadline extension for tariffs, things are currently looking up for the Eurozone. The Pound is also in a good place. The Dollar… not so much. Read on to find out more.
To succeed as a PSP in 2025, there are four key areas to consider. IFX experts share their perspectives here.
Things are looking moody for the US but brighter for the UK and Europe in this week’s report, as deals are struck and ratings cut. Read about EU/UK deal, Moody’s Ratings impact and future of EUR.
A clear, structured guide to opening your account with IFX Payments. Understand exactly what we need, why we ask for it, and how to prepare — so you can move faster.
Prepare your documentation, complete the IFX questionnaires, and submit to your relationship manager. We'll take it from there.
Use the checklist below to track your progress. Click any item to see why it's required and what format we accept.
Why we ask: Your constitutional document confirms how your company is governed and its legal purpose. We are required to understand the entity we are onboarding before opening any account.
Why we ask: Confirms the legal existence of your entity. Regulatory frameworks require us to verify we are dealing with a legitimately registered business before processing payments.
Why we ask: We need to identify individuals who control and direct the business. Under AML regulations, those with significant control must be verified.
Why we ask: Establishes your ownership structure. Regulators require us to understand who ultimately owns the business to prevent financial crime.
Why we ask: Required where there is one ownership layer with multiple shareholders. We need to map ownership accurately to identify all Ultimate Beneficial Owners.
Why we ask: Any individual owning 10% or more is classified as an Ultimate Beneficial Owner under the UK Money Laundering Regulations. We are legally required to verify their identity.
Why we ask: Directors and authorised signatories have the authority to instruct transactions. Verifying their identity ensures we know who is acting on the company's behalf.
Why we ask: We must verify where the business operates from. A personal proof of address in a director's or UBO's name is also acceptable as an alternative.
Why we ask: Designates who is authorised to act as representative for your company in dealings with IFX. Template provided by your relationship manager.
Why we ask: Understanding your business model lets us assess your payment flow risk profile, confirm we can support your use case, and satisfy our regulatory due diligence obligations.
Why we ask: Bank statements evidence your existing transaction volumes and patterns, helping us verify the information you've provided about expected activity.
Why we ask: Allows us to configure your account correctly from day one and establishes your expected activity baseline for ongoing monitoring.
Why we ask: Validates the existence and legitimacy of your business. Digital presence confirms active trading; VAT number confirms HMRC registration where applicable.
In addition to the standard KYC documentation, regulated payment companies are required to provide the following. These requirements reflect IFX's obligations as a regulated firm conducting enhanced due diligence on PSP clients.
Why we ask: As a regulated entity ourselves, IFX must verify that any PSP we work with holds appropriate authorisation in its jurisdiction. This is a condition of our own regulatory framework.
Why we ask: A SWIFT BIC is required to identify your institution in international payments. If you don't currently hold one, IFX requires registration for a non-connected BIC before onboarding.
Why we ask: Pay.UK governs UK payment scheme rules including the APP Fraud mandatory reimbursement framework. Registration confirms compliance with UK domestic payment standards.
Why we ask: Under UK GDPR and the Data Protection Act 2018, organisations that process personal data must register with the ICO. This confirms your data protection obligations are in order.
Why we ask: Your AML policy documents how you manage money laundering risk. IFX is required to review PSP clients' financial crime frameworks to confirm they meet minimum standards.
Why we ask: An independent assessment of your AML controls provides assurance that your compliance framework functions effectively in practice. Must be from an IFX-approved auditor.
Why we ask: Confirms you have documented controls for identifying, preventing, and reporting fraud. Robust fraud policies are essential given the volume of payments flowing through PSP accounts.
Why we ask: Authorised PIs and EMIs are legally required to safeguard customer funds under the UK Payment Services Regulations 2017. We need evidence your arrangements are compliant and independently audited.
Why we ask: Sample Customer Due Diligence files demonstrate that your onboarding standards meet IFX's requirements, giving us confidence that your own customers have been appropriately verified.
Why we ask: Confirms your financial health and legitimacy, and supports our assessment of whether you have the financial standing appropriate to the volumes you intend to process.
Why we ask: Helps us assess the overall risk profile of the flows we'll process on your behalf. Concentration in certain jurisdictions or sectors may require enhanced due diligence.
Why we ask: For clients operating outside the UK, confirms the relationship was initiated at your request — an important distinction under certain regulatory regimes.
As a regulated firm, IFX must conduct enhanced due diligence on all PSP and fintech clients. Questionnaires provide a structured, consistent way to assess your compliance framework, business model, and financial crime controls — and help accelerate onboarding by reducing back-and-forth.
What it covers: Entity and ownership details, AML/CTF/sanctions programme, KYC and CDD procedures, suspicious activity reporting, AML training, anti-bribery controls, quality assurance, PSP management information, safeguarding, and fraud controls.
Who signs it: Must be signed by your Group MLRO, Chief Compliance Officer, or equivalent.
What it covers: Safeguarding arrangements, client money segregation, reconciliation processes, shortfall procedures, and how you communicate safeguarding obligations to your own customers.
Why: The FCA Payment Services Regulations place specific obligations on PIs and EMIs around client fund protection. This confirms you are meeting those standards.
What it covers: Services and products offered, countries of operation, customer breakdown by jurisdiction and industry, high-risk customer categories, payment flow types (treasury, intra-group, acquiring, payment services, embedded PSP), expected volumes, currencies, and BIC code.
Why: This directly determines how your account is configured — the more detail you provide, the faster your setup.
What it covers: Confirms you hold an appropriate licence, have appointed a qualified MLRO, and agree not to route prohibited payment types through IFX — including MSBs dealing in cash, crypto firms, offshore banking, adult entertainment, shell companies, and unlicensed gambling operators.
Why: Sets the contractual and compliance baseline for the relationship. Template available in the Downloads section below.
IFX is introducing a new process that allows a designated Onboarding Team contact — rather than solely an Authorised Signatory — to request sub-accounts on your behalf. This reduces friction significantly for clients who open sub-accounts regularly.
What it is: An authorisation letter — similar in nature to the existing Authorised Signatory letter — that designates a specific team, department, or named contact as permitted to request sub-accounts. Drafted by IFX and submitted to our Legal team for approval.
What we need: Full name, job title, email address, and phone number of the individual or team designated as your Sub-Account Approver. This contact will be added to your InForex profile and recognised for all sub-account requests, allowing your operations team to move quickly without Director-level sign-off each time.
Both templates must be completed on your company letterhead and signed by a Director before being returned to your IFX relationship manager.
Both documents are also available directly from your IFX relationship manager on request.
From document submission to your first live payment — here's what to expect at each stage.
Speak to your IFX relationship manager to receive your personalised documentation checklist, template pack, and a direct line into our onboarding team.
Whether you’re looking to speak to one of our dedicated teams or someone in a specific office, please contact us to find out how we can help you.
Whether you’re looking to speak to one of our dedicated teams or someone in a specific office, please contact us to find out how we can help you.
Service lies at the heart of everything we do, and keeping you informed is a key part of that commitment. Sign-up by clicking the button below to stay abreast of key market developments in an ever-evolving landscape.
Subscribe