About VIP360
What we do
VIP360 is a group of licensed payment companies. The permissions are ours, not a third party’s, and every one of them is on a public register you can check in about a minute.
The licences are ours
Most payments brands sit in front of somebody else’s licence. When something goes wrong, that is the moment you find out who actually holds your money, and it is rarely the company whose logo you signed up with.
Three companies in this group hold their own FCA permissions. Which means the institution providing your service is a company we are accountable for, and you can confirm every one of them against the FCA register before you send a penny.
Remittance360 Ltd
Holds and safeguards your funds, and issues the accounts and IBANs in your company’s name. FCA-authorised Electronic Money Institution, FRN 901072: check it on the FCA register
VIP Payments Ltd
Executes payments.
FCA-registered Small Payment Institution, FRN 750503: check it on the FCA register
MDRN FX Services Limited
Handles money remittance and currency exchange. FCA-authorised Payment Institution, trading as Alpha Transfers, FRN 540997: check it on the FCA register
The group also includes companies registered in Canada and Anjouan, and VIP Tech360 Ltd (Cyprus), which operates this website. The full structure, with company numbers, registered addresses and every regulatory notice, is set out on entities and regulation, and the shorter version is on our group.
Built by people who have sat on the other side of the desk
The useful thing about this team is not that it likes payments. It is where its experience was earned.
People who have said no
The team includes former FCA, MAS and MGA regulators, and people who have sat on the underwriting side of a bank or processor. They have written the declines. That is why your file gets read rather than pattern-matched.
People who have been declined
Everyone here has worked with businesses the mainstream turned away, often for reasons nobody would explain. It shapes what we do: named contacts, straight answers, and a reason when the answer is no.
People who build the plumbing
Engineers from acquiring, processing and fintech infrastructure across regulated markets. The routing engine and the compliance stack were built by the people who kept hitting the problems they solve.
How the whole thing runs, end to end, is on how it works. Where your money sits and under whose permissions is on protected and regulated.
Frequently asked questions
Not as a single company, and it is worth pausing on any payments group that answers this with a flat yes. VIP360 is a group. Three companies in it hold their own FCA permissions: Remittance360 Ltd (Electronic Money Institution, FRN 901072), VIP Payments Ltd (Small Payment Institution, FRN 750503) and MDRN FX Services Limited (Payment Institution, FRN 540997). VIP Tech360 Ltd, which operates this website, is not FCA-authorised and does not hold client funds. Which means the question worth asking any provider is not whether the brand is regulated, but which entity will hold your money and under which permission.
VIP360 is a trading name of VIP Tech360 Ltd, a technology company registered in Cyprus (company number HE463449), which operates this website. The group around it includes three FCA-regulated companies registered in England and Wales, plus companies registered in Canada and Anjouan. The full structure, with company numbers, registered addresses and every regulatory notice, is set out on the entities and regulation page.
A firm registered with the FCA to provide payment services below a turnover limit, rather than fully authorised with no limit. Registered and authorised are different statuses rather than two words for the same thing: the limit is set in the Payment Services Regulations 2017 and is measured on average monthly payment turnover. In this group it is VIP Payments Ltd, FRN 750503, which executes payments. Balances are held and safeguarded by the group’s electronic money institution, Remittance360 Ltd, not by the Small Payment Institution.
An authorised Payment Institution can execute payments, including transfers, remittance and currency exchange, with no turnover limit, and is held to FCA capital and safeguarding requirements. An electronic money institution can do all of that and one thing more: issue e-money, which is what lets it hold a balance for you between payments. That is the practical difference. Money sitting in an account is e-money, so it is the EMI permission that matters for balances, and in this group that is Remittance360 Ltd, FRN 901072.
Search the FCA register at register.fca.org.uk for the firm reference number rather than the brand name. Brands are not regulated, companies are, and the two frequently differ. Check three things: that the firm’s name matches the company you will actually be contracting with, that its permission covers the service you are being sold, and that the status reads as current. Every FRN on this page links straight through to its register entry, so it takes about a minute.
Check if we can help
Tell us what you need. You’ll deal with one team, with the group’s licensed institutions behind it, and get a straight answer either way.