Sepaga EMI
Sepaga EMI is a Cyprus-based Electronic Money Institution licensed by the Central Bank of Cyprus, serving corporate clients including forex, gaming, and retail sectors.
Account Types
Personal Plans
| Feature | Sepaga Personal e-Wallet Account |
|---|---|
| Monthly Fee | - |
| Annual Fee | €3.60 |
| Minimum Balance | None |
| Setup Fee | €750.00 |
| Fee Currency | EUR |
| Free ATM Withdrawals | - |
| Card Type | Standard PhysicalStandard Physical |
| Billing Model | Fixed |
| Free Tier | No |
| Description | Personal e-wallet account with IBAN, multi-currency support, SWIFT/SEPA transfers. Min transaction 20 EUR for outbound, 15 EUR for inbound. |
Business Plans
| Feature | Sepaga Corporate e-Wallet Account |
|---|---|
| Monthly Fee | - |
| Annual Fee | €3.60 |
| Minimum Balance | None |
| Setup Fee | €750.00 |
| Fee Currency | EUR |
| Free ATM Withdrawals | - |
| Card Type | Standard PhysicalStandard Physical |
| Billing Model | Fixed |
| Free Tier | No |
| Description | Corporate e-wallet with B2B/B2C/C2B/C2C support, subaccounts, escrow, mass payments, SWIFT/SEPA. Min transfer 20 EUR; 0.07% + 1% FX surcharge. |
Visit the provider website for detailed plan comparisons and features
Business Features
Sepaga EMI is a Cyprus-licensed Electronic Money Institution offering e-wallet accounts and prepaid cards (SVOOM brand) to corporate clients. Multi-user access is inferred from subaccount functionality allowing creation of sub-wallets for different departments, projects, regions, or clients under one master account, and cards can be issued per individual or department. API: api.sepaga.com URL found in additional signals, strongly indicating an API exists; no pricing details available. Bulk/mass payments: the URL /clients-solutions/mass-payments/ was found in additional signals, confirming bulk payment capability; also confirmed via the 7 Seas partnership which references 'seamless mass payments'; no max batch count specified. Expense management: prepaid cards support employee expense management use case explicitly, and subaccount functionality enables departmental spend control — partial evidence, set true. Receipt scanning: no mention. Accounting integrations: none mentioned. Corporate cards: confirmed — SVOOM prepaid cards available as MasterCard or Visa, in EUR, can be named or unnamed, issued per individual or department, reloaded in real time via dashboard; no maximum card count stated. Invoicing: not mentioned. Payment gateway: not mentioned in fetched content (though /clients-solutions/swift-sepa/ and /clients-solutions/unique-ibans/ URLs suggest SWIFT/SEPA and IBAN issuance capabilities). Approval workflows: not mentioned. Scheduled payments: not mentioned. Additional confirmed features not in schema: IBAN issuance, e-wallet accounts, SEPA/SWIFT transfers, international money transfers, multi-currency support, currency exchange/conversion, KYC/AML automated checks, 2FA security, real-time push notifications, escrow/marketplace services, C2B/C2C/B2B/B2C model support, ATM/POS cash access via prepaid cards.
Fees & Limits
No detailed pricing information available
Cards
Security & Compliance
Regulation
- Central Bank of CyprusLicense: 115.1.3.18/2018. Licensed in Cyprus. Safeguarding: segregated_accounts.
- Compliance CertificationsPCI DSS
App Security
- Two-Factor Authenticationtwo-factor authentication, push notifications
SEPAGA E.M.I. LIMITED is an EU-licensed Electronic Money Institution incorporated in Cyprus (reg. HE347331), authorised under Law No. 86(I) of 2004 and EU Directive 2009/110/EC. Security features include real-time transaction monitoring, two-factor authentication, and push notifications. Complies with AML legislation. Implements Verification of Payee (VoP) checks per EU Regulation 2024/886 (Instant Payments Regulation), integrated with the European Payments Council (EPC) database. Collects IP addresses and web log data; privacy policy governs data collection and storage. Complaints escalation available via Financial Ombudsman of the Republic of Cyprus. No explicit mention of AES-256, TLS version, SOC 2, bug bounty, or penetration testing programmes.
Support & Platforms
Customer Support
- Phone
Avg response: ~1 min
+357-22-283100
- Email24/7
- Physical OfficeBusiness hours
29 Stasikratous str, Samico House, 3rd Floor, 1065 Nicosia, Cyprus
Available Platforms
Eligibility
Supported Currencies
Local Account Details1 account
Unique, personalized IBANs issued under the client's company legal name, directly linked to e-Wallet account. SWIFT BIC: SEPMCY2NXXX. Address: 29 Stasikratous Street, Samico House, Floor 3, Nicosia 1065, Cyprus. Account opening cost from 750 EUR (per third-party source). Transfer cost: 0.07% + 1% if in foreign currency, minimum 20 EUR. Incoming (enrollment) fee: 0.05%, minimum 15 EUR. Account maintenance: 3.60 EUR per year. Transfer limit: documents required for transfers exceeding 10,000 EUR/month to confirm origin of funds. Transaction speed: 1-2 days. Minimum balance: 0.