Open an Account at Octopus Pays

Octopus Pays is a fintech platform launched in 2018 in Toronto, Canada, founded and CEO by Raitis Kaucis. The company is registered as OCTOPUSPAYS LIMITED (corporate number 1334664-1), has an MSB registration (money remittance services) and is licensed by the Canadian regulator FINTRAC.

Octopus Pays Services

Octopus Pays specializes in international payments and multi-currency payment accounts for businesses. The platform offers:

• e-wallet business accounts in EUR and USD, which can be opened entirely online, without the need to visit offices.
• International SWIFT transfers in more than 170 countries and SEPA payments within Europe (in 33 countries).
• Free instant transfers between Octopus Pays accounts.
• Business-level customer support, including a dedicated account manager and a personalized approach.
• Full GDPR compliance, two-factor authentication (2FA), AML/KYC procedures.

Clients and partners

Octopus Pays is focused on both startups and established businesses, especially those working in e-commerce, export companies and digital platforms, seeking to enter international markets.

Among its technology partners, it is mentioned as belonging to the rating of the best payment solutions in Canada and is recognized in the industry. The company is also a member of the Singapore Fintech Association.

Advantages

One of the key advantages is the ability to quickly open a business account completely remotely: everything is done online within 5-10 business days, without traveling or visiting Octopus Pays.

Multi-currency support (EUR and USD) and a wide range of international transfers make the platform convenient for clients working in different markets. Internal transfers between Octopus Pays accounts are commission-free and instant.

The platform is characterized by ease of integration, transparent pricing policy and high level of security: AML/KYC, GDPR requirements are met, 2FA is used.

Octopus Pays is a technological fintech platform that offers flexible and fast solutions for international payments, especially for companies operating in the digital environment. Easy account opening, SEPA and SWIFT support, multi-currency e-wallets and free transfers between accounts are its strengths. At the same time, customers should be prepared for strict AML/KYC and pay attention to reputation and reviews.

IT-OFFSHORE is ready to help your business open an account with Octopus Pays, select an individual service structure and integrate with your system, providing legal and financial support at all stages.