Belmoney
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| Public limited company | |
| ISIN | 🆔 |
| Industry | Financial technology |
| Founded 📆 | October 11, 2013 |
| Founder 👔 | Bruno Pedras |
| Headquarters 🏙️ | Ixelles, Brussels-Capital Region, Belgium |
Area served 🗺️ | European Economic Area |
Key people | Bruno Pedras (CEO) |
| Services | Remittance-as-a-Service, cross-border payment infrastructure |
| Members | |
Number of employees | |
| 🌐 Website | bel |
| 📇 Address | |
| 📞 telephone | |
Belmoney is a Belgian financial technology company based in Ixelles, in the Brussels-Capital Region, that provides white-label infrastructure for international remittances. It is licensed as a payment institution by the National Bank of Belgium and operates across the European Economic Area (EEA) under the Payment Services Directive (PSD2).[1][2]
The company operates a model it calls Remittance-as-a-Service (RaaS), in which money transfer operators, banks and digital wallets offer remittance services under their own brand while relying on Belmoney's licence and compliance infrastructure rather than obtaining their own European authorisation.[1][3][4] Founder and chief executive Bruno Pedras has described the approach as "the Shopify or Stripe of remittances".[1]
History
Belmoney was incorporated on 11 October 2013.[2] According to Retail Banker International, it was founded by Bruno Pedras and licensed in its first year as a payment institution by the National Bank of Belgium under the first European Payment Services Directive (PSD1). The company established operations in Belgium, Luxembourg and France from 2017, and obtained a PSD2 licence in 2019, which extended its authorisation across the European Union through the directive's passporting regime.[1]
The company subsequently shifted from providing remittance services directly to consumers towards supplying regulatory and payment infrastructure to other financial businesses.[1][3]
Business model
Belmoney's RaaS offering is aimed at money transfer operators and financial institutions that are not authorised to operate in the European Economic Area. Clients integrate with the company through an API and collect funds from customers in Europe under Belmoney's licence, with customer identity verification, anti-money laundering screening and the safeguarding of client funds handled by Belmoney.[1][3][4]
Retail Banker International reported in March 2026 that the model had been taken up by British financial firms seeking to restore access to European markets after Brexit. The publication noted that around 46% of UK financial firms had opened offices in the European Union at an initial cost of more than £350,000, and reported that Belmoney's clients had avoided both those costs and a licensing process of roughly one year.[1]
The company also operates a payment aggregation service for institutions that hold their own licence, providing access to payout networks outside Europe.[3][5] Press accounts describe its network as covering more than 150 countries.[6][4]
Partnerships
dLocal
In March 2025, Belmoney announced a partnership with the Uruguayan payments company dLocal, through which it gained access to more than 900 local and alternative payment methods in markets including Bangladesh, Ecuador, Peru, Pakistan, Nigeria and the Philippines, including the digital wallets OPay in Nigeria and GCash in the Philippines. The company said it intended to use the arrangement to expand into further markets, including China.[3][5]
RwandaCash
In April 2026, Belmoney announced a partnership with RwandaCash, a financial services provider for the Rwandan diaspora, intended to allow it to expand from a Belgian-licensed operator into a platform able to operate across the European Union without obtaining separate national licences. Connecting Africa reported that remittances to Rwanda totalled US$517 million in 2024, equivalent to about 3.6% of the country's gross domestic product, and that the average cost of sending US$200 to East Africa stood at 9.9%, against a United Nations target of below 3%. RwandaCash said it expected transaction volumes to exceed €5 million in the first year.[7][8]
DigiPay
In May 2026, Belmoney and the pan-African fintech DigiPay Group launched DigiTransfer, a mobile application enabling transfers from France and Belgium to the Republic of the Congo and the Democratic Republic of the Congo, routed through Visa and Mastercard networks to mobile wallets and bank accounts. Remittances to the Democratic Republic of the Congo exceed US$3.2 billion annually according to World Bank figures, while average transaction costs in Sub-Saharan Africa stand at close to 8%. DigiPay, founded in 2020, had processed more than 4.2 million transactions before the launch.[6][4][9]
Regulation
Belmoney is registered in Belgium under company number 0540.745.997 and has been a public limited company since December 2022.[2] It is an authorised payment institution supervised by the National Bank of Belgium under Directive (EU) 2015/2366 on payment services, with passporting rights across the European Economic Area.[1][4]
References
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 Blakey, Douglas (26 March 2026). "Interview: Belmoney CEO Bruno Pedras on Brexit fintech – the bridge reversing relocation costs". Retail Banker International. Retrieved 11 August 2026.
- ↑ 2.0 2.1 2.2 "Belmoney – company number 0540.745.997". Crossroads Bank for Enterprises, Federal Public Service Economy (Belgium). Retrieved 11 August 2026.
- ↑ 3.0 3.1 3.2 3.3 3.4 O'Grady, Vaughan (20 March 2025). "Fintech partnership offers innovative approach to remittance markets". Developing Telecoms. Retrieved 11 August 2026.
- ↑ 4.0 4.1 4.2 4.3 4.4 Njoya, Samira (28 May 2026). "Belmoney, DigiPay launch instant transfer app for Congo and DRC". We Are Tech Africa. Retrieved 11 August 2026.
- ↑ 5.0 5.1 "dLocal collaborates with Belmoney for cross-border payouts". Electronic Payments International. 19 March 2025. Retrieved 11 August 2026.
- ↑ 6.0 6.1 Jackson, Tom (1 June 2026). "DigiPay, Belmoney launch DigiTransfer to power Congolese remittances from France, Belgium". Disrupt Africa. Retrieved 11 August 2026.
- ↑ Gilbert, Paula (14 April 2026). "Belmoney, RwandaCash enable pan-European remittances to Rwanda". Connecting Africa. Retrieved 11 August 2026.
- ↑ Onyeagoro, Jennifer (14 April 2026). "Belmoney and RwandaCash partner to expand EU-enabled digital remittance services". TechAfrica News. Retrieved 11 August 2026.
- ↑ "Belmoney, DigiPay enable Congolese remittances from France and Belgium". Connecting Africa. 28 May 2026. Retrieved 11 August 2026.
External links
This article "Belmoney" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Belmoney. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
