Narvi vs payabl.: business accounts for crypto, iGaming and PSPs

Narvi is a Finnish e-money institution that gives crypto, iGaming and PSP businesses a dedicated FI IBAN in their own name. payabl. is a Cyprus payments company whose core business is card acquiring. Here's how their business accounts compare.

Open account
Open account
section
The short answer. Choose Narvi if you want an account from a licensed e-money institution, a dedicated FI IBAN in your company's name, pricing tiers you can read before you apply, and an account offer that names crypto and iGaming. Consider payabl. if you want card acquiring and a business account from one provider, Mastercard business cards, or UK payment rails.payabl. built its business on card acquiring and added business accounts more recently. This page is for finance and operations leads comparing the two. Every payabl. fact below comes from payabl.'s own documents or the Central Bank of Cyprus registers as of 21 October 2026, linked at the end.
section
Table comparing payabl. and Narvi on licence, account, payment rails, pricing, onboarding, crypto and industries. Details are in the text below.
section
At a glance

Narvi vs payabl. at a glance

Every payabl. fact below is as stated in payabl.'s documents or the Central Bank of Cyprus registers on 21 October 2026. Each number in brackets links to its source; the full list is at the end of the page.Licence
  • payabl. (Payabl. Cy Limited): payment institution licensed by the Central Bank of Cyprus and passported in the EEA. It was granted an e-money licence on 4 January 2024, which the register of 12 October 2026 lists as not yet activated. No MiCA licence [1][2][3]
  • Narvi (Narvi Payments Oy Ab): e-money institution, Finnish Financial Supervisory Authority (FIN-FSA), registration 3190214-6, passported across the EEA [16]
Who it serves
  • payabl.: sales-led, through a contact form, with no published minimum size. Its partner programmes (PayFac, intermediary, referral) cover card acquiring, not accounts [7][8]
  • Narvi: businesses, personal accounts for business owners, Banking-as-a-Service and white label [17][23]
Industry policy
  • payabl.: its enquiry form lists crypto (CASP), regulated gambling and iGaming, regulated forex and trading, and payment providers among about 30 industries. No acceptance or prohibited list is published; the terms refer to an internal client acceptance policy [7][9]
  • Narvi: dedicated offers for iGaming and Web3/crypto businesses; crypto exchanges, payment services and high-risk industries go on a custom enterprise plan [17][18][19]
Account
  • payabl.: multi-currency IBANs in the EU and UK, with client funds safeguarded at partner banks. Its pages don't say whether IBANs are dedicated or virtual, or which country code they start with [4][3]
  • Narvi: dedicated IBAN in your company's name, starting with FI, under Narvi's own BIC [20]
Payment rails
  • payabl.: SEPA, SEPA Instant, Swift and SEPA Direct Debit; UK Faster Payments, CHAPS and BACS. The SEPA Instant direction and limit aren't stated [5][6]
  • Narvi: SEPA and SEPA Instant 24/7, Instant at the SEPA price up to EUR 100,000 per payment; Swift under Narvi's own BIC [21]
Pricing
  • payabl.: account fees aren't published; its card terms refer to a fee annex that isn't public [10]
  • Narvi: one-time onboarding fee plus three months of monthly fees up front; monthly fee by risk tier; minimum balance of three monthly fees (see pricing) [17]
Onboarding
  • payabl.: "fully digital" and "in days, not weeks", per its payabl.one page; no document list published [11]
  • Narvi: 10-minute online application, then a compliance review and a priced offer [17]
Crypto
  • payabl.: stablecoin settlement through its partner BVNK (System Pay Services (Malta) Ltd, a MiCA crypto-asset service provider); payabl. handles the fiat leg [12][13]
  • Narvi: crypto OTC desk converts crypto to fiat and pays it into your account; IBANs hold fiat only [22]
API and team access
  • payabl.: API, batch payments and four-eyes approvals [4]
  • Narvi: business API with public documentation; Banking-as-a-Service, white label and roles for directors, accountants and employees [23][24]
section
Licence

Licence status: payment institution or e-money institution

In the EEA, payabl.'s accounts come from Payabl. Cy Limited, which the Central Bank of Cyprus licenses as a payment institution. The CBC granted the company an e-money licence on 4 January 2024. Its register of 12 October 2026 still lists that licence as not activated, and says the company keeps operating as a payment institution until it is [1][2]. payabl.'s own safeguarding policy describes it as authorised as a payment institution [3].Narvi Payments Oy Ab holds an e-money institution licence from the Finnish Financial Supervisory Authority and is passported across the EEA [16]. Both types of institution must safeguard client funds. If licence type matters to your compliance team, your bank partners or your own regulator, check both register entries yourself; they're linked at the end of this page.
section
IBAN and pricing

Your IBAN and your price, before you apply

A dedicated FI IBAN under Narvi's own BICNarvi issues its own IBANs under its own BIC, NARYFIH2. Your company is the account holder of record, so payers see your name on every payment, and you can open a separate IBAN for each entity and run them from one dashboard [20].payabl. describes multi-currency IBANs in the EU and UK but doesn't say whether they're dedicated or virtual, or which country code they carry [4]. If counterparties or your own auditors care about that, ask before you sign.Pricing you can read firstNarvi publishes its pricing structure and tiers: a one-time onboarding fee, a monthly fee set by risk tier, and three months paid up front [17]. Crypto exchanges, payment services and other high-risk businesses get a priced offer after compliance review, before they fund anything.payabl. doesn't publish its account fees, and the fee annex its card terms refer to isn't public [10]. You'll get a price once you're in the sales process.
section
Focus

Accounts are the product, not an add-on

payabl.'s core business is card acquiring, and its partner programmes (PayFac, intermediary and referral) are built around it [8]. Business accounts sit next to that offer.Narvi's product is the account. Crypto exchanges, custodians and OTC desks, iGaming operators, platforms and affiliates, and PSPs each have a written offer [18][19]. Platforms that want to give their own customers IBAN accounts can use Narvi's Banking-as-a-Service and white-label products [23].Medium and high-risk tiers cover B2B payments only, so if you pay out to players or consumers, you need the enterprise plan, and we'll tell you that before you're priced.
section
When to stay

When payabl. is the better choice

If you want card acquiring and a business account from the same provider, payabl. covers both. It also issues Mastercard business debit cards with Apple Pay and Google Pay, and virtual cards [4][14]. Its terms name a UK entity, PAYABL. (UK) LIMITED, for UK accounts with Faster Payments, CHAPS and BACS [15][5], and it collects by SEPA Direct Debit [6]. If you settle in stablecoins, payabl. offers that through its partner BVNK [13].
section
How to switch

Switching from payabl. to Narvi

What to prepare. You'll need your company documents, details of your directors and owners, and a short description of where your money comes from and goes. The full document list is in our help centre.
  1. Book a short call with the onboarding team for a pricing estimate based on your business profile.
  2. Complete the online application, which takes about 10 minutes (step-by-step guide).
  3. Our compliance team reviews your documents and sends a priced offer.
  4. Fund the account: the onboarding fee, three months of monthly fees and a minimum balance of three monthly fees [17].
  5. Run both accounts in parallel. Move one payment flow at a time (customers, PSPs, payroll, suppliers) and send each counterparty your new IBAN and the BIC NARYFIH2.
  6. Close the old account only after the last inbound payment has landed, and check your payabl. agreement for notice periods and closing fees first.
Talk to the onboarding team
section
FAQ

Frequently asked questions

As of the Central Bank of Cyprus register of 12 October 2026, Payabl. Cy Limited operates as a payment institution. It was granted an e-money licence on 4 January 2024, which the register lists as not yet activated.

Not as of 21 October 2026. payabl.'s account fees aren't on its website, and the fee annex its card terms refer to isn't public.

No. Narvi Payments Oy Ab is an e-money institution authorised by the Finnish Financial Supervisory Authority and passported across the EEA. It holds client funds separately from its own money, as EU e-money rules require.

Yes. Narvi has dedicated account offers for both. Crypto exchanges, payment services and other high-risk businesses go on a custom enterprise plan, priced after compliance review.

Yes, and we recommend it. Run both accounts in parallel and move your payment flows one at a time, so nothing stops while counterparties update your details.

Narvi charges a one-time onboarding fee and a monthly fee set by your risk tier, with three months of fees paid up front. Enterprise clients are priced after compliance review. The tiers are on the pricing page.
section
Get a dedicated FI IBAN in your company's nameOpen an account or talk to the onboarding team about your industry and payment flows.
Open account
section
Sources

Sources

Last checked: 21 October 2026. Also compare Narvi with Stable.com, ConnectPay, IBAN4U or Genome, or read our comparison of Wise, Revolut and other alternatives.
  1. Central Bank of Cyprus, register of e-money institutions, 12 October 2026
  2. Central Bank of Cyprus, register of payment institutions, 5 October 2026
  3. payabl. safeguarding policy
  4. payabl. business accounts
  5. payabl. business accounts launch release
  6. payabl. SEPA Direct Debit release
  7. payabl. contact form
  8. payabl. partner programmes
  9. payabl. banking terms
  10. payabl. business debit Mastercard terms
  11. payabl.one
  12. payabl. crypto terms
  13. payabl. stablecoin settlements
  14. payabl. virtual cards
  15. payabl. portal user agreement
  16. FIN-FSA register of supervised entities
  17. Narvi pricing
  18. Narvi for iGaming
  19. Narvi for Web3 and crypto
  20. Narvi dedicated IBAN
  21. Narvi SEPA Instant
  22. Narvi FAQ
  23. Narvi Banking-as-a-Service
  24. Narvi multi-user access
Swift is a trademark of S.W.I.F.T. SC.
section
What We Offer
Our VisionDedicated IBANSEPA InstantAccount with Multi-User AccessOnline Banking PlatformAPI for DevelopersBanking-as-a-Service (BaaS)White-label BankingBecome an Affiliate
IBAN Accounts For Your Business
iGamingWeb3/CryptoSmall & Medium BusinessesNon-Resident & Cross-Border BusinessesFunds, Holdings & Hard-To-Bank StructuresFind Your Use Case
Support & Compliance
Help CenterFAQPricingContact UsSubmit a ComplaintLegal DocumentsLegal and LicensingFraud PreventionCareers
Narvi Knowledge Center
Alternative Investment Funds [whitepaper]Family Offices [whitepaper]Shipping Industry [whitepaper]How to Open a Business Account in FinlandNarvi vs. Wise, Revolut, N26, and other alternativesNarvi vs. Stable.comNarvi vs. payabl.Narvi vs. ConnectPayNarvi vs. IBAN4UNarvi vs. GenomePayments BlogPayments Glossary
Ask AI about Narvi
Claude
ChatGPT
Google
Narvi X
Narvi Linkedin
Narvi Payments Oy Ab is an Authorized Electronic Money Institution (EMI). Narvi’s EMI license is granted by the Finnish Financial Supervisory Authority (FIN FSA) with the registration number 3190214-6. Narvi’s license is passportised to all European Union countries.
FinlandBuilt and regulated in Finland

© 2026 Narvi. All Rights Reserved.

v1.322.0