Is currenxie a Hong Kong based EMI?

Status
Not open for further replies.
Currenxie Limited is a truly global financial institution. In Hong Kong we are a licensed Money Service Operator and hold a Money Lenders License. We are also a registered Foreign Money Service Business in Canada, a licensed Financial Service Provider in South Africa, and AUSTRAC registered in Australia.

Currenxie UK Limited is authorized as an Electronic Money Institution (EMI) by the UK Financial Conduct Authority with registration number 901010.
Click to expand...
Click to expand...
 
I have stumbled upon them a few times in my business, they seems to be used by a few big players.

Toggle signature

Latest Video Interviews, Offshore Company Resources, Payment Processing Tips & Tricks, Articles and Anonymity Hints only a click away!
Support the Freedom of Speech of our Community

Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​
 
Got my account - multicurrency account.

Where do I put Bank Code and Branch Code if I want to transfer money from my other account to this account for a test?

My other account is with Wise.

Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.
 
uplana said:
uplana said:
Got my account - multicurrency account.

Where do I put Bank Code and Branch Code if I want to transfer money from my other account to this account for a test?

My other account is with Wise.
Click to expand...
Click to expand...
If it is a HK wire by Swift. Put it like this:

bank code - branch code - 9digit account#.

The people there are generally quite smart and hard working, so usually money finds its correct destination fast. (I banked there for many years)

But be careful; Afaik Currenxie does not allow self-funding (or maybe they changed it, but better check it?)
 
JackAlabama said:
JackAlabama said:
But be careful; Afaik Currenxie does not allow self-funding (or maybe they changed it, but better check it?)
Click to expand...
Click to expand...
They do since 2021.

Guess you are referring to the early days when they were basically a Payoneer clone.

The whole operation is run on Citibank in the backend - so as long as they keep good with Citibank - Currenxie is a decent option.

Always keep in your mind - issue with EMI's is the underlaying financial institution / bank.

They got basically LHV Bank shutdown over night for certain countries of incorporation same like every other EMI - due to there good relationship to Citibank (can even imagine the whole thing is some kind of Citibank Fintech Pilot project) they could replace instant with Citibank UK accounts.

Toggle signature
 
Fred said:
Fred said:
They do since 2021.

Guess you are referring to the early days when they were basically a Payoneer clone.

The whole operation is run on Citibank in the backend - so as long as they keep good with Citibank - Currenxie is a decent option.

Always keep in your mind - issue with EMI's is the underlaying financial institution / bank.

They got basically LHV Bank shutdown over night for certain countries of incorporation same like every other EMI - due to there good relationship to Citibank (can even imagine the whole thing is some kind of Citibank Fintech Pilot project) they could replace instant with Citibank UK accounts.
Click to expand...
Click to expand...
Good points. They changed in HK as well, away from DBS to Citi.

Yah, I still had the early days in mind, never bothered to re-check for updates. 😉
 
okay final question.

With all this war in Ukraine and Russia an China being the best friend of Russia. Would you still trust a Chinese EMI like Currenxie ?

Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.
 
uplana said:
uplana said:
okay final question.

With all this war in Ukraine and Russia an China being the best friend of Russia. Would you still trust a Chinese EMI like Currenxie ?
Click to expand...
Click to expand...
Id never hold significant cash in emis. Just for transactions and chunk change.
If you hold a western passport and the war drags china actively in, and they face sanctions, Id expect a sharp payback.
So Id either have a non-western passport ready or plan accordingly.
 
uplana said:
uplana said:
How reliable do you find them to be with a 100K euro deposit ?
Click to expand...
Click to expand...
I have never had a problem and I'm trusting them for such sums. Nevertheless, I would not start with such a transfer; better to begin with 4 figures...
JackAlabama said:
JackAlabama said:
The people there are generally quite smart and hard working, so usually money finds its correct destination fast.
Click to expand...
Click to expand...
I can confirm.
JackAlabama said:
JackAlabama said:
But be careful; Afaik Currenxie does not allow self-funding (or maybe they changed it, but better check it?)
Click to expand...
Click to expand...

Fred said:
Fred said:
They do since 2021.
Click to expand...
Click to expand...
Are you sure? I was warned before self-deposits even in the beginning of 2022. (It was possible but only in special cases.)
Fred said:
Fred said:
The whole operation is run on Citibank in the backend - so as long as they keep good with Citibank - Currenxie is a decent option.

Always keep in your mind - issue with EMI's is the underlaying financial institution / bank.
Click to expand...
Click to expand...
I agree completely.
Fred said:
Fred said:
They got basically LHV Bank shutdown over night for certain countries of incorporation same like every other EMI - due to there good relationship to Citibank (can even imagine the whole thing is some kind of Citibank Fintech Pilot project) they could replace instant with Citibank UK accounts.
Click to expand...
Click to expand...
Not a long time ago they were still using LHV (that I consider to be rubbish) for SEPA transactions. Have it changed? (I do not use Currenxie for SEPA so I do not know.)
uplana said:
uplana said:
With all this war in Ukraine and Russia an China being the best friend of Russia. Would you still trust a Chinese EMI like Currenxie ?
Click to expand...
Click to expand...
I do. But having said that, I must say that I fully agree with @JackAlabama' s statement below.

JackAlabama said:
JackAlabama said:
If you hold a western passport and the war drags china actively in, and they face sanctions, Id expect a sharp payback.
So Id either have a non-western passport ready or plan accordingly.
Click to expand...
Click to expand...

Toggle signature
--------------------------------------------------------------------------------------------------------------------------------------

I am just a simple countryman. Anything I say is only a personal opinion, not a certified advice 🙂

If you think it makes sense, you can like it; if opposite, please, tell me, why I am wrong...
 
Thank you for all replies, it looks like I can work with them without troubles. That was my main concern if they make lot's of troubles.

Toggle signature
Find help to the ultimate anonymous setup on OffshoreCorpTalk - Tried, Tested & Works
Need help to get things done, ping me inside the Mentor Group Gold forums.
 
Status
Not open for further replies.

JohnnyDoe.is is an uncensored discussion forum
focused on free speech,
independent thinking, and controversial ideas.
Everyone is responsible for their own words.

Quick Navigation

Forums

User Menu

Login
Community platform by JohnnyDoe © 2025 JohnnyDoe
  • Width
  • Queries
    12
  • Time
    0.7286s
  • Memory
    14.11MB
Top Bottom