OROPAY

Opening an account with the OROPAY payment system (Cyprus)

Cost for the private persons from 400€

Cost for the legal entities from 600€

Opening Term: 1 week

Remotely: yes

OroPay is a payment system based in Cyprus and licensed by the Central Bank of Cyprus. It is a modern electronic money institution and a member of VISA and SWIFT. In 2026, Oropay became a direct participant of SEPA, giving clients the ability to use SEPA payments and access SEPA Instant and SEPA Credit Transfer.

OroPay is a space where experience and innovation intersect in the field of FinTech. The payment system offers comfortable and reliable financial solutions for businesses and private clients. OroPay's services guarantee security and protection at every stage.

Opening an account with OroPay

OroPay does not open accounts for offshore companies, offering registration only to European companies. The beneficiaries of the companies, including individuals and freelancers, must be citizens of the EU or permanent residents of one of the EU countries.

The payment system offers OroPay clients an IBAN and EUR acquiring at low rates. A merchant account can be opened for various businesses, for example Low Risk (tourism, online trade, etc.), Middle Risk (IT sphere, professional services, etc.), and High Risk (gambling, financial services, etc.).

Today, electronic payment systems are gaining popularity and offer a good alternative to banks, along with a remote account-opening procedure.

Maira Consult will help you open an account with the OroPay payment system or with other payment systems.

OROPAY advantages

1

Remote account opening

2

SWIFT and SEPA payments

3

Acquiring and low fees

4

Mobile apps for Apple and Android

5

Live customer support

General Information

Types of accounts

Personal account.

Business account.

Merchant accounts.

Personal visit

The account opening procedure with OroPay is remote.

Service rates

Account opening fee:

  • for individuals - 100 EUR
  • for legal entities - 500 EUR

Account maintenance:

  • for individuals - 10 EUR per month
  • for legal entities - 50 EUR per month

Useful information

Website of the OroPay payment system: www.oropay.com

Stages of account opening

01

Preparation of documents

To open an account with OroPay, you need to fill out our questionnaire and describe in detail the company's business, turnover, partners, and the purpose of opening the account.

02

Analysis of documents

At this stage, we analyze the documents provided and fill out the payment system's forms.

03

Submission of documents

The completed forms, together with the company's documents and the beneficiary's documents, are sent to the OroPay manager for review.

04

Passing verification

All company participants (the beneficiary and the director) undergo online identification.

05

Compliance Check

At this stage, the OroPay payment system verifies the client and may request additional documents and information about the company's activities.

06

Account opening

After the account is opened with the OroPay payment system, the manager provides the client with the account details.

Answers to the Most Common Questions:

Yes. The account registration procedure and the initial identification of the company's participants or an individual when opening a personal account are carried out online. At the same time, Oropay reserves the right to request additional documents or conduct an additional check depending on the client's profile and the results of KYC and AML checks.
Typically, the required documents include those confirming the company's registration details and structure, identity documents for the director and the ultimate beneficial owner, detailed information about the company's activities and its counterparties, expected turnover, and the source of funds. The exact list of documents is determined after a preliminary business analysis and may be expanded during the compliance check.
Oropay offers account opening for individuals, but the possibility of opening a personal account depends on whether the client meets the payment system's requirements. For individuals on the Advanced plan, the account opening fee is €100, and the monthly maintenance fee is €10.
The possibility of opening an account for a Ukrainian company is determined individually. During the KYC check, Oropay's compliance department analyzes the ownership structure, activities, the beneficiary's source of funds, payment geography, and other risk factors. For company representatives who are not EU citizens, additional requirements to confirm EU/EEA residency may apply.
Yes, opening an account for companies with an elevated risk level is possible. However, the actual possibility of serving a high-risk business is determined individually. Oropay may conduct enhanced due diligence on the client depending on the type of activity and the company's ownership structure. Additional requirements or restrictions may apply for certain types of high-risk business.
Yes, for legal entities Oropay offers Visa Business Debit and Visa Business Virtual. Under the current Advanced plan, issuing a physical Visa Business Debit Card costs €30, with a monthly maintenance fee of €3, while the virtual card has free issuance and a monthly fee of €2.

Other payment systems in this region

TitleCost from (EUR)
EXANTE0
UNLIMIT400
SOLIDGATE500

Our Contacts

Phone

+380 97 527-66-30

Client Relations Department

+380 73 427-66-30

Email

[email protected]

Address

Kyiv, 01054, Ukraine,

40B Ivan Franko St., office 207

Legal information

MAIRA LLC

EDRPOU code: 38202700

Jurisdiction: Ukraine

Working hours

Monday to Friday: 09:00 to 18:00

Saturday and Sunday: closed

We respond to inquiries within 15 to 30 minutes during working hours

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International Law Company Maira Consult