MultiPass is an international payment system based in the United Kingdom. It is a licensed payment service provider, regulated by the UK’s Financial Conduct Authority (FCA), and is part of the DYNINNO Group, a global holding company.
MultiPass allows users worldwide to open international accounts and make secure online payments easily.
The MultiPass system was launched in 2017 under the name DynaPay. It was rebranded to its current name in 2022. DYNINNO Group, which MultiPass belongs to, has been operating since 2004 and is renowned for its innovative approach to optimising business processes in the IT sector.
MultiPass is one of the top five most popular Electronic Money Institutions (EMIs) in the UK. Its developers describe it as a modern and flexible alternative to traditional banking. The platform combines the latest financial tools with live customer support to provide exceptional service.
MultiPass operates globally and offers a wide range of business solutions, including dedicated multi-currency IBANs for companies, local accounts in the UK, EU countries, and the US, instant currency exchange, corporate cards, and more.
It also supports transfers via SWIFT, ACH, SEPA, FasterPayments, and Target2.
This financial solution is especially suitable for companies dealing with multiple currencies, managing international workforces, large IT companies, retailers with global partners, and businesses selling products online.
Features and benefits of MultiPass
MultiPass leads the online banking sector with the following advantages:
- simple and quick account setup without the need for physical presence;
- comprehensive account management through a personal online dashboard;
- support for over 30 currencies in a single account;
- capability to make payments to and from 180 countries;
- 24/7 customer support with live representatives;
- fast payment processing (within one day);
- low account maintenance fees;
- integration with numerous local and global payment systems;
- option to issue virtual or physical payment cards.
How to open an account with MultiPass
Opening an account with MultiPass can be done remotely online. The process requires:
- completing an online application form;
- providing scanned copies of documents that verify the applicant’s identity and residence;
- submitting detailed information about the company and its activities, including sources of funds;
- providing scanned copies of corporate documents (the list of required documents may vary).
In some cases, MultiPass may request an online meeting with the applicant. Opening an account involves a fee (the cost depends on the company’s category) and typically takes 1-2 business days.
