iGaming Payment Solutions
Narvi Review
Is It the Right Account Provider for Your iGaming Business?
A Finnish EMI registered in 2021 that sells gambling operators and affiliates a euro IBAN in their own name and keeps player flows off the account.
- Trustpilot
- 2.9/5 (13)
- Founded
- Headquarters
- Helsinki, Finland
- Regulator
- FIN-FSA
- Licenses named
- MGA, UKGC
Helsinki, FinlandQuick Info
- Type
- E‑money institution
- Class
- Own license
- Regulator
- FIN-FSA
- License
- R188725
- HQ
- Helsinki, Finland
- Pricing
- On request
Our Verdict: Should You Bank With Narvi?
Final assessment for iGaming operators, studios and affiliates
Tier 2: on a regulator's register and open to gambling businesses
Summary
Narvi gives a gambling business a dedicated Finnish IBAN, SEPA Instant, SWIFT to 180 countries and a bulk-payout tool, on its own FIN-FSA e-money license. As high-risk clients, gambling businesses get no player-facing C2B or B2C payments, so the account takes in PSP settlements and pays suppliers and affiliates, and the cashier has to run on other rails. Narvi was registered in March 2021, quotes fees for its risk tiers only on request and carries a small but consistent set of complaints about blocked accounts, which is the profile of a provider to test with a secondary balance before trusting it with the float.
Strongest Point
Narvi opens a euro IBAN in the operator's own name, with SEPA Instant and an API, and runs iGaming operators, platforms and affiliates as three separate segments. Operators licensed by the MGA and the UKGC qualify, and affiliates, whose banks flag them for serving iGaming, get the same account.
Key Limitation
Eight of Narvi's 13 Trustpilot reviews describe the same event, an account blocked with funds held for months without explanation. A frozen balance is the failure that hurts a settlement account most, since it stops the incoming PSP settlements and the outgoing affiliate payouts at once.
Recommendation
Use Narvi as a second euro account for supplier and affiliate payouts, keep the float elsewhere, and get the fee schedule for your risk tier in writing before onboarding. If you need player-facing flows, OpenPayd issues a virtual IBAN to every player, though Malta's Arbiter for Financial Services heard three cases against its Maltese arm over scam money that passed through those IBANs. If you need sterling on UK rails, Bilderlings opens accounts in EUR, USD, GBP and CNY with Faster Payments and CHAPS.
Pros
- Own FIN-FSA e-money license, passported into the Netherlands since April 6, 2022
- Dedicated Finnish IBAN in the company's name, with SEPA Instant, SWIFT and an API
- Operators, platforms and affiliates served as separate client types, with MGA and UKGC licenses accepted
- Bulk payouts for affiliate and supplier runs
Cons
- IBAN in euro only, with GBP, SEK and USD held in wallets
- Fees for the high-risk tier come only as a quote per client
- High-risk clients get no player-facing C2B or B2C flows
- Trustpilot 2.9 on 13 reviews, most describing blocked accounts and held funds
- Cards are announced and not live
Ready to open the conversation with Narvi?
Gambling Policy
Whether the company serves iGaming businesses, on what terms, and which licenses and client types it accepts
“SEPA/SWIFT payments, FX, and mass payouts for iGaming operators, platforms, and affiliates”
Our reading
Narvi runs iGaming as a vertical of its own and serves operators, platforms and affiliates as separate segments. It keeps high-risk clients out of player-facing C2B and B2C flows, so a gambling business gets a B2B treasury account that neither collects from players nor pays them.
Licenses named as accepted
Client types named
License, Read in the Register
Entity, license type and number as the regulator prints them, with the date we read the entry
- De Nederlandsche BankRead , host-state register for the FIN-FSA license
Narvi Payments Oy Ab · E-money institution · R188725
Electronic money institution supervised by the Finnish Financial Supervisory Authority
EU passport into the Netherlands for e-money issuance, distribution and redemption and payment services since
- Finnish Financial Supervisory AuthorityRead , register page
Narvi Payments Oy Ab · E-money institution · 3190214-6
E-money payment institution
- Legal entity
- Narvi Payments Oy Ab, 3190214‑6
- Headquarters
- Helsinki, Finland
- Founded
- 2021
- Class
- Own license
Safeguarding of client money
The provider publishes no safeguarding statement we could quote. Ask where client funds are held and under which regime before you fund the account.
The Account
What the operator actually gets on the account, and what it costs to open
- IBAN in your company's nameYes
Dedicated account, not a pooled reference
- SEPAYes
SEPA Instant, SEPA Credit Transfer
- SEPA InstantYes
Instant euro transfers
- SWIFTYes
Finnish EUR IBAN, wallets in EUR, GBP, SEK and USD, plus FX across 75+ currencies
- CardsNo
Announced, not live
- APIYes
Programmatic access to payments and reporting
- Bulk payoutsYes
Batch payments for affiliates and suppliers
- Crypto or stablecoinsNo
None on the account
- Card acquiring as wellNo
Accounts only, no player collection
| Feature | Status | Details |
|---|---|---|
| IBAN in your company's name | Yes | Dedicated account, not a pooled reference |
| SEPA | Yes | SEPA Instant, SEPA Credit Transfer |
| SEPA Instant | Yes | Instant euro transfers |
| SWIFT | Yes | Finnish EUR IBAN, wallets in EUR, GBP, SEK and USD, plus FX across 75+ currencies |
| Cards | No | Announced, not live |
| API | Yes | Programmatic access to payments and reporting |
| Bulk payouts | Yes | Batch payments for affiliates and suppliers |
| Crypto or stablecoins | No | None on the account |
| Card acquiring as well | No | Accounts only, no player collection |
Onboarding
- Non-EU companies
- Yes
- Time to open
- A few days for iGaming applicants, against 10 minutes for standard applicants
- Licenses named
- MGA, UKGC
Pricing, on request
Narvi sets account and monthly fees by risk classification and quotes them per client, and its one fixed price is EUR 1 for an internal transfer. A company outside the EEA qualifies only if it is based in a low-risk country.
Named Clients and Reputation
Who vouches for the provider on the record, and what its own customers say
Named iGaming clients
None named on a first-party source. Every operator using this provider does so without a public reference.
Reputation
62% one-star, read Sep 1, 2026.
Not to be confused with: Narvi Oy, the Finnish sauna-stove maker at narvi.fi, is unrelated.
Frequently Asked Questions
3 questions about Narvi
Yes. Affiliates are one of Narvi's three iGaming client types, next to operators and platforms, and get the same euro IBAN and bulk payouts. An iGaming application takes a few days, and fees follow Narvi's risk classification.
No. Narvi excludes high-risk clients from C2B and B2C payments, so an operator's Narvi account receives its PSP settlements and pays its suppliers and affiliates. Player deposits and withdrawals go through the operator's payment providers.
The Finnish Financial Supervisory Authority authorized Narvi Payments Oy Ab (business ID 3190214-6) as an electronic money institution on January 26, 2022, for e-money issuance and PSD2 payment services 1 to 5, card issuing and acquiring included. Narvi has passported the license into the Netherlands since April 6, 2022, under DNB relation number R188725.