NOMO Pay coverage

NOMO Pay moves money over three kinds of payment rail: SEPA for euro payments in Europe, Swift for cross-border payments to the rest of the world, and local clearing schemes inside individual countries. Which rails an account reaches depends on where that account is held and where the payment is going.

Euro payments over SEPA

Premium accounts are held in the EU and carry their own IBAN and BIC, so euro payments leave over SEPA. The SEPA region covers 41 European countries, including states outside the euro area and outside the EU, according to the European Central Bank's Single Euro Payments Area overview, which records that figure at 22 May 2025. Under the same scheme rules a SEPA instant credit transfer makes funds available in the payee's account within 10 seconds of the payment order.

Cross-border payments over Swift

Payments to banks outside SEPA leave over Swift, addressed with the beneficiary's BIC and account number. Those payments pass through correspondent banks, and the risk framework those intermediaries work under is published by the Bank for International Settlements in its Principles for Financial Market Infrastructures. NOMO Pay keeps the IBAN, account number, BIC, sort or branch code, bank name and currency on each beneficiary record, so a second payment to the same person reuses details you already entered.

Local rails and instant NOMO Pay transfers

Inside a supported country NOMO Pay uses the local clearing or faster-payments rail rather than Swift, which is the same routing choice the Bank for International Settlements describes for domestic versus cross-border legs. A transfer between two NOMO Pay users settles instantly and needs no beneficiary record, because both accounts sit with the same banking partner and no interbank message is sent. According to the sync interval NOMO Pay runs, balances and transaction history refresh against that partner every 60 seconds, so a completed payment appears without a manual reload.

Currencies

NOMO Pay holds multiple currencies in the current catalogue, each with its own local account details for receiving money. The catalogue is read from the banking partner at run time rather than hard-coded, so a currency added on the partner side appears without an app update. Codes follow ISO 4217, the three-letter currency standard whose code list is published by SIX as ISO 4217 Maintenance Agency.

Where NOMO Pay does not reach

Availability depends on your country of residence, and the supported-country list is set by the banking partner rather than by NOMO Pay. Residents of comprehensively sanctioned countries, and persons on applicable sanctions lists, cannot open an account or receive a payment; the programmes those lists come from are published by the U.S. Department of the Treasury as Sanctions Programs and Country Information. Every payment also passes the banking partner's compliance and anti-money-laundering checks, which can restrict, delay or decline it.

Last updated 29 July 2026