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BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság

Hungary
Not yet ratedActiveEMI
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Regulator

Magyar Nemzeti Bank

Licence number

27917727

Authorised since

30 Jun 2022

EEA passports

0

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
DomesticTier D

No EEA passporting on record.

Scope
Multi-serviceTier B

Authorised for 6 payment-services activities.

Tenure
GrowingTier C

Authorised 4 years ago.

About this institution

Verified active. BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság holds licence 27917727 from Magyar Nemzeti Bank. It can execute and acquire payment transactions on a payment account, issue payment instruments, and accept cash deposits and withdrawals. Additionally, it issues electronic money and safeguards customer funds.

Passporting count and host states are not recorded for this licence.

Licence granted on 30 June 2022, and the register confirms active status as of the last cross check. The register lists licence reference 27917727 from Magyar Nemzeti Bank, status active as of last cross check.

Licence timeline

3 dated events

Dated events for BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Magyar Nemzeti Bank register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Magyar Nemzeti Bank

Position in the Hungary register

Hungary EMIs

4

Active

4

Full / small licences

4 / 0

Licence age rank

3/4

BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság is one of 4 e-money institutions on the Hungary register, 4 of which are currently active. Its licence is the 3rd oldest of the 4 dated Hungary EMI authorisations.

Is your money safe with BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság?

BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság holds an e-money authorisation from Magyar Nemzeti Bank, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by a national deposit guarantee scheme, so there is no automatic compensation payout if the firm fails.

If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.

How e-money safeguarding works → Verify on the register →

Authorised activities (PSD2 / EMD2)

Payment-services activities BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság is permitted to carry out under its licence, as recorded in the register.

  • Cash deposit services on a payment accountPSD2_1
  • Issuance of electronic moneyEMI_ISSUANCE
  • Cash withdrawal services on a payment accountPSD2_2
  • Safeguarding of customer fundsSAFEGUARDING
  • Execution of payment transactions on a payment accountPSD2_3
  • Issuing payment instruments and acquiring payment transactionsPSD2_5

Frequently asked questions

Is BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság a licensed e-money institution?
Yes. BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság holds EMI authorisation from Magyar Nemzeti Bank in Hungary, licence reference 27917727. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság?
BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság is authorised and supervised by Magyar Nemzeti Bank in Hungary. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság's licence or FRN number?
BinX Business Integrated NetworX Zártkörűen Működő Részvénytársaság's licence reference number is 27917727. Enter it on the EBA EUCLID register at euclid.eba.europa.eu to confirm the institution's identity and that its authorisation is in force.

Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.

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Registered office

Street
Záhony utca 7.
City
Budapest, 1031

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