Important: This article is about the Dext Payments Beta, an upcoming feature currently in development.
Dext Payments lets you pay supplier invoices directly from your Dext account - securely and globally. It’s powered by Airwallex and built with top-tier security, fraud protection, and full regulatory compliance.
Here's everything you need to know about how your money and data stay safe.
What is Dext Payments?
Dext Payments is a fully integrated solution inside Dext, allowing you to:
Pay supplier invoices directly from the platform
Manage payments securely, with full oversight
Reduce time spent jumping between tools
It’s delivered in partnership with Airwallex, a global fintech company that enables fast, compliant payments worldwide.
Who is Airwallex?
Airwallex is a leading financial technology company:
Trusted by over 100,000 businesses
Handles $130B+ in annualized transactions
Operates in 23+ countries
Specializes in cross-border payments, treasury, and financial infrastructure
It’s licensed and regulated in every country it operates in, offering truly global compliance.
Licensing & regulation: what makes this legit?
Dext Payments operates under Electronic Money Institution (EMI) licenses, held by Airwallex.
This is the same regulatory category used by major non-bank payment providers, such as Stripe, Telleroo, and Xero/Crezco. However, unlike most UK or EU-only EMIs, Airwallex is licensed across multiple jurisdictions.
With Airwallex:
Businesses can collect, hold, and send funds across multiple regions with a single provider.
Funds are safeguarded under regulated frameworks in each market (UK, EU, APAC, US).
Airwallex is fully licensed and regulated in the countries where it operates (see table at the end of the document). It follows all local laws to provide secure and compliant financial services and keep your funds safe.
What does an EMI license mean?
Authorises a company to issue and manage electronic money.
It is regulated by the relevant local financial regulator (e.g., by the FCA in the UK).
Requires strict safeguarding of client funds (they must be held in ring-fenced accounts, not used for business operations).
EMIs can’t lend or invest customer funds but are required to keep them safe and accessible.
How your funds are protected
Dext and Airwallex use a regulated approach called Customer Funds Safeguarding:
Segregated Bank Accounts: Your money is stored separately from company funds at licensed banks.
No Operational Use: Dext and Airwallex cannot use your funds for business expenses.
Insolvency Protection: If either company goes under, your safeguarded funds stay protected and will be returned after verification. Only minimal admin fees may apply.
This ensures your funds are protected by law - not just by policy.
Dext Payments security features
Security is built into every part of Dext Payments:
Strong Customer Authentication (SCA)
Complies with PSD2 (European regulation)
Requires multi-factor authentication before approving payments
Prevents unauthorized access and fraud
Protective fraud shields
Automatically checks supplier info against trusted databases
Flags suspicious or mismatched payment details
Uses Confirmation of Payee to verify account history and ownership
Role-based access
Users are granted permission based on their role
Prevents unauthorized or accidental payments
Full audit trail
Every payment action is tracked, from changes to approvals
Makes compliance and fraud reviews simple
Data protection & privacy
End-to-end encryption
Fully GDPR-compliant
No unauthorized sharing of sensitive data
Certifications & ongoing protection
Certifications: ISO/IEC 27001 and ISO 9001 certified - global standards for data security and quality
24/7 monitoring: Continuous monitoring for suspicious activity.
Real-time response to suspicious or blocked payments
For live compliance updates, visit the Dext Trust Center.
Quick reassurance
Fund Safety: Your funds are safe, segregated, and protected by law.
Enhanced Security: Dext Payments combines global banking security standards with accountant-focused fraud prevention.
Insolvency Protection: Even in rare cases of insolvency, your safeguarded funds remain yours.
Regulatory coverage by region
Here’s how Dext Payments is regulated, depending on your location:
Country | License |
United Kingdom | • Licensed as an EMI by the Financial Conduct Authority (FCA). License number 900876. • Authorised under the Electronic Money Regulations 2011. |
European Union | • Operates through an EMI licence granted in the Netherlands, allowing them to serve customers across the EU post-Brexit. |
Australia | • Licensed by ASIC (Australian Securities and Investments Commission). License number 487221. • Also holds an AFSL (Australian Financial Services Licence) to provide foreign exchange and payment services. License number 549026. |
Canada | • Registered at the federal level with FINTRAC (the Financial Transactions and Reports and Analysis Centre of Canada). MSB registration number M19395067. • At the provincial level in Québec, it holds a license with Revenu Québec as an MSB. License number 14460. |
This multi-region licensing ensures that Dext Payments stays compliant wherever you do business.
Key takeaways
Your funds are safe: Segregated, safeguarded, and protected by law
You’re fully compliant: Licensed globally with strong security protocols
Security is proactive: Built-in fraud detection, user permissions, and audit trails
Data is protected: Encrypted, GDPR-compliant, and never shared without consent
Need help?
If you're unsure about anything or need help with Dext Payments, contact our support team - we’re happy to help.