ForexQ.com
ForexQ.com
According to its official website, Appla-X (appla Payment Institution) is a European-based payment institution licensed by the Central Bank of Cyprus that provides digital payment and foreign exchange services to tech-savvy businesses engaged in cross-border transactions. Its services include multi-currency accounts with dedicated IBANs, receiving, holding and converting more than 100 currencies, real-time currency exchange, domestic and international payments, and a merchant payment gateway supporting methods such as Visa, Mastercard, PayPal and Apple Pay; APIs are offered to automate payment and FX operations. The site cites free online business account registration, ISO/IEC 27001:2013 certification, adherence to the FX Global Code, debit and prepaid cards under its Mastercard principal membership, and client funds held in segregated accounts with Tier 1 European banks. In the Central Bank of Cyprus register, Appla Trading Ltd (trading as "Appla Payment Institution") is listed as an authorised payment institution for the execution of payment transactions (service 3) and issuing/acquiring of payment instruments (service 5); the company is headquartered in Larnaca. This information is the company's own statement.