PayrNet is a regulated payment brand and venture owned by the FinTech Railsbank. Customers contract with PayrNet for regulated services and with Railsbank for technology services.
The payment processor operates via PayrNet Limited, an FCA-regulated e-Money Institution, and PayrNet UAB, an e-Money Institution regulated by the Bank of Lithuania. The Singapore entity operates with a Temporary exemption from holding a license under the Payment Services Act 2019.
PayrNet is one of the partners of MuchBetter (PC42 profile) and the issuer of the MuchBetter debit card.
We have not identified any complaints of illicit business practices and thus include PayrNet in our “Green Compliance” list.