Company Information

Get to know Optal - a WEX company

Originally founded as PSP International in 2007 and later rebranded to Optal in 2016, the company established itself as a leader in the B2B payments space, particularly within the travel industry. Its core offering is the use of Virtual Account Numbers (VANs) to create secure, efficient, and data-rich payment processes for businesses paying their suppliers. In July 2021, WEX Inc., a global leader in financial technology solutions, completed its acquisition of Optal and its partner company, eNett. Optal's technology and operations have since been absorbed into WEX's broader Corporate Payments and Travel solutions portfolio, enhancing WEX's global B2B payment capabilities.

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Financial PSP GatewayPRIMARY
Financial Other Service

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Optal - a WEX company

United Kingdom

Founded in

2002 (24 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.