About Mikupay
A payments platform for business clients who need to move between USD and stablecoins.
Built for business clients
Mikupay provides business clients with USD receiving accounts and the ability to settle balances as USDT on-chain. We work with a deliberately small, known client base rather than operating an open self-service platform.
Accounts are opened by an account manager after onboarding review. That model lets us understand each client relationship properly, which is a requirement of the business we are in — not a limitation we are working around.
Charges are itemised on your statements, movements on your account are recorded, and the outcome of any review is documented. That is the standard we hold ourselves to, and it is what lets a counterparty reconcile what we report against their own records.
Corporate information
- Legal entity
- Mikupay
- Regulatory status
- Authorised to provide the services described in your service agreement.
- Registration particulars
- Registration particulars are stated in your service agreement and are available from your account manager.
What each service is, who provides it, and the full list of documents a counterparty can request are set out on the disclosures page. Supporting documentation is provided from compliance@mikupay.com.
How we think about money
The design decisions behind the platform, and why we made them.
One account, one statement
Holding fiat at one provider and digital assets at another means reconciling statements from several places, on several timelines, and working out which of them is right when they disagree.
With us, both sides of that activity sit in the same account and appear on the same statement. Charges are itemised rather than deducted silently, and where something needs correcting the correction is recorded, so you can see both what happened and what was done about it.
Fees you can see
A charge that is deducted silently is a charge you cannot check. Every fee we apply appears as its own line, so the amount, the reason and the time are all visible alongside the transaction that generated it.
We also do not apply a spread to the reference conversion rate. The fee is disclosed as a fee, rather than hidden inside the rate.
Operating principles
What we do, described in terms that can be verified rather than claims that cannot.
Reviewed onboarding
Every client is onboarded and verified by a person, and the basis for the decision is recorded, before an account is activated.
Itemised records
Charges are itemised rather than deducted silently, so what appears on your statement can be reconciled against your own records.
Compliance review
Transactions are reviewed against our internal policy, with a documented outcome for each case.
Documented process
Funding, payouts, card applications and verification all follow written, repeatable procedures.
Why accounts are opened by invitation
An open sign-up form tells you nothing about who is on the other side of it. In cross-border payments that is not a workable position: we are required to identify our clients, to understand the nature of their activity, and to be able to explain what we saw if a regulator or a banking partner asks.
So we review every relationship before it is opened. In practice that means a conversation about what you do, where your funds come from and what you need the account for, followed by documentary verification of your business and its ownership.
It takes longer to start than a self-service platform. In exchange, the accounts we do hold are ones we can stand behind — which is also what makes them usable with banks and counterparties.
What we don’t do
Being explicit about scope is more useful than being vague about it.
- We are not a bank and do not hold ourselves out as one.
- We do not offer self-service account opening — every relationship is reviewed first.
- We do not accept funding by ACH, card or in currencies other than USD at present.
- We do not settle withdrawals over networks other than TRC-20 at present.
- We do not publish client counts or processed-volume figures.
- We do not claim regulatory authorisations beyond those we can evidence on request.
Controls and standards
Our procedures are built around the requirements that apply to cross-border payments and digital assets. The controls below operate on every account.
Client due diligence
Identity and business information is collected and verified before an account is activated, and refreshed when circumstances change.
Transaction monitoring
Activity is reviewed against expected patterns for the account. Unusual activity is examined, and can be escalated.
Access controls
A code sent to your email is required when you sign in from an unfamiliar device, sessions are revocable, and access is restricted by role.
Segregation of duties
Onboarding, review and payout approval are handled under separate roles rather than by a single operator.
Digital asset notice
Digital assets are not legal tender and are not covered by any government deposit guarantee or compensation scheme. Their value can fall as well as rise, and on-chain transfers are irreversible once broadcast.
Speak to an account manager
Accounts are opened on an invitation basis. Tell us about your requirements and we will come back to you.
Mikupay provides accounts to business clients and does not offer services to the general public. Nothing on this page constitutes an offer of regulated services in any jurisdiction where doing so would be unlawful.