Lumx vs Due

Which should you choose, Lumx or Due?

Choose Lumx if Brazil is on the path. Due's docs mark PIX as suspended until further notice in both directions, so as of September 2026 a BRL leg on Due does not settle; Lumx runs PIX with named BRL accounts in production. Choose Lumx if your customers in Mexico or Colombia need an account in their own name: Due's MXN and COP accounts are under Due's name, Lumx issues them in the customer's. Choose Lumx if you are the one holding the balance: Lumx custodial wallets run in production on four chains, segregated per customer, and that is the model a PSP or neobank needs when users see a balance in an app the business is responsible for. Choose Lumx for SWIFT with UETR and MT103 on every payout.

Choose Due if the balance should belong to the user, not to you. Its Vault is non-custodial by design, keys held through MPC, and Due states it never holds them. Choose Due if you need Nigeria, India, Indonesia, Hong Kong, Australia, the UAE or mobile money in Africa; Lumx runs none of those. Choose Due if your EU counterparty needs a MiCA-licensed CASP: Due Network S.L. holds one via the CNMV, and Lumx has no EU licence, running SEPA, EUR and GBP through a banking partner. Choose Due if you want to set your own fee per transaction on top of the provider's, which Due exposes as an application fee.

Both run Sumsub and both can share prior verifications. If your corridor is US or UK to Mexico or Colombia with no held balance, the two overlap most, and the decision is about the named account and who holds the money.

What is Due?

Due is a London-based stablecoin payments company founded in 2022 and operated by Due Ltd, which describes itself as a technology services provider rather than a bank, with a seed round of $7.3M led by Speedinvest (a $9.8M figure also appears on its site and is not confirmed in its announcements). It runs a consumer Vault app and a B2B API documented at due.readme.io. Its regulatory footprint spans seven entities: Due Network S.L. in Spain, a MiCA crypto-asset service provider authorised via the CNMV; Due Payments Inc. in Canada, a FINTRAC-registered MSB and Bank of Canada payment service provider; Due Technologies Inc. in Delaware as a technology provider; Due Tecnologia Brasil Ltda., whose terms describe virtual asset services without stating a Central Bank framework; and entities in Argentina and South Africa. Per its docs, the API covers accounts, transfers, virtual accounts, FX and a non-custodial Vault built on MPC through DFNS where Due never holds keys, with USDC on nine networks, USDT outside the EU, EURC and BRLA. Its payment-methods page lists SEPA and SEPA Instant, Faster Payments, BACS and CHAPS, ACH and FedWire, SWIFT in USD, EUR and GBP, SPEI, Bre-B, NIP, NPP, IPP and FTS, UPI and IMPS, BI-FAST, HKD FPS, mobile money in eight African markets and payout-only local wires in many others; PIX is marked suspended until further notice in both directions. Named virtual accounts in the customer's own name are available in EUR, GBP, USD and AED, with BRL, AUD, COP, MXN and NGN accounts under Due's name. Compliance runs on Sumsub with verification sharing, endorsements and geographic and industry exclusions. Its site states SOC 2 and describes yield accounts and cards as coming soon (its own statements, not in the API docs). Pricing is additive: channel fees at source and destination, a disclosed FX markup and an optional application fee the integrator sets, with no rate card; the percentage ranges on its marketing pages are Due's own claims. Due counts 85 countries on its own rails and 150+ via SWIFT, by different methods.

What is Lumx?

Lumx is stablecoin payments infrastructure for businesses that move money between Latin America and the rest of the world: one API to collect, hold, convert, and pay out in BRL, MXN, COP, USD, EUR, and GBP or in USDC and USDT, over local rails such as PIX, SPEI, PSE, ACH, FEDWIRE, SEPA, and Faster Payments, with SWIFT and on-behalf-of payments and collections (POBO and COBO) in USD, EUR, and GBP, plus named virtual accounts, custodial wallets, and KYB/KYC built in.

Lumx was founded in 2022 in Rio de Janeiro and is backed by BTG Pactual, the largest investment bank in Latin America. Custodial wallets run in production, segregated per customer, on Ethereum, Polygon, Base and Tron, with Stellar for USDC on-ramps in BRL. In Brazil, Lumx SPSAV Ltda operates under Article 88 of Central Bank Resolution 520/2025; in the US, Lumx US OP LLC is a FinCEN-registered MSB (#31000316459619). Lumx processes more than $2B in annualized payment volume (as of September 2026). Customers include Nomad, Logcomex and Conta Simples.

How do Lumx and Due compare?

Model. Both sell one API for stablecoin payments with Sumsub inside. Due's is wider and shallower in Latin America: SEPA, Faster Payments, ACH, FedWire and SWIFT in three currencies, then SPEI, Bre-B and a long tail across Africa, the Middle East and Asia, with PIX suspended in both directions as of September 2026 and named accounts in the customer's name only in EUR, GBP, USD and AED. Lumx's is narrower and deeper: six currencies, nine local rails plus SWIFT in USD, and a named account in every one of the six, including BRL, MXN and COP. Due also has a consumer product, the Vault app, and lets an integrator add its own fee per transaction; Lumx sells to businesses only and has no application-fee field.

Custody. This is the structural difference. Due is non-custodial: the Vault holds keys through MPC with DFNS, Due states it never holds them, and users can link external wallets. Lumx is custodial: one segregated wallet per customer in production on Ethereum, Polygon, Base and Tron, with Stellar for BRL on-ramps. Due runs USDC on nine networks plus USDT outside the EU, EURC and BRLA; Lumx runs USDC and USDT on four chains. A consumer app where the user owns the balance fits Due's model; a PSP or neobank that shows users a balance it is responsible for fits Lumx's.

Pricing and compliance. Neither publishes a rate card. Due stacks channel fees at source and destination, a disclosed FX markup and an optional application fee; Lumx charges a monthly platform fee plus usage-based per-transaction and virtual account fees, with transparent FX on locked quotes and no pre-funding; plans are not published, so contact sales. On regulation the footprints differ by region. Due Network S.L. holds a MiCA CASP authorisation via the CNMV, which Lumx does not have; Lumx runs SEPA, EUR and GBP through a banking partner. In Brazil, Lumx operates under Article 88 of Central Bank Resolution 520/2025 while its VASP authorization is processed; Due Tecnologia Brasil Ltda.'s terms describe virtual asset services without stating a framework, and its PIX rail is suspended. In North America, Lumx US OP LLC is a FinCEN MSB; Due Payments Inc. is a FINTRAC MSB and Bank of Canada PSP, and Due's Delaware entity is a technology provider. Both run Sumsub KYC and KYB with verification sharing. Lumx adds Chainalysis on-chain monitoring and purpose codes and holder relationships on every payment; Due adds endorsements and geographic and industry exclusions.

When is Lumx the better fit?

• Brazil is on the path. Lumx runs PIX with named BRL accounts; Due's PIX is suspended in both directions as of September 2026. See USDC to BRL and BRL to USDC.

• Your customers in Mexico or Colombia need an account in their own name. Lumx issues named MXN and COP accounts; Due's are under Due's name. See USDC to MXN and USDC to COP.

• You hold the balance. Lumx custodial wallets run in production, segregated per customer, on four chains; Due's model is non-custodial by design.

• You settle SWIFT with typed confirmations. Lumx returns UETR and MT103 on every SWIFT payout; Due's docs describe transfer status and webhooks without a settlement reference.

• You need local reporting fields. Purpose codes and holder relationships (supplier, employee, subsidiary) are modeled on every Lumx payment.

• You want a Brazilian counterparty under a stated framework. Lumx operates under Article 88 of Resolution 520/2025 while its VASP authorization is processed; Due's Brazilian entity states no framework on its pages.

Where does Due fit?

Due does several things Lumx does not do, and this page should say so plainly.

• Non-custodial by design. The Vault holds keys through MPC and Due never holds them. Lumx has no non-custodial option.

• Corridors Lumx does not run. NIP (NGN), UPI and IMPS (INR), BI-FAST (IDR), HKD FPS, NPP (AUD), IPP and FTS (AED), mobile money in eight African markets and payout-only local wires in many more.

• An EU licence. Due Network S.L. is a MiCA CASP via the CNMV; Lumx runs its EU and UK legs through a banking partner.

• SWIFT in three currencies. Due sends SWIFT in USD, EUR and GBP; Lumx in USD only.

• An integrator fee field. Due's application fee lets a platform add its own charge per transaction.

• More stablecoins and networks. USDC on nine networks, USDT outside the EU, EURC and BRLA, against Lumx's USDC and USDT on four chains.

• A consumer product. The Vault app serves individuals directly; Lumx is B2B only.

Can you use Lumx and Due together?

Yes. The clean split is Lumx for Brazil, for named accounts in MXN and COP and for any balance you custody, and Due for Africa, the Middle East, Asia, an EU-licensed counterparty or a user-controlled vault. Both settle USDC on Ethereum, Polygon and Base, so a balance moves between a Lumx custodial wallet and a Due vault on-chain. Both run Sumsub with verification sharing, so one KYC pass can serve both. Both send signed webhooks on status changes, so the reconciliation model is the same on each side.

How do you migrate from Due to Lumx?

1. Map Due accounts to Lumx customers. Both run Sumsub KYB and KYC with sharing; Lumx imports a prior verification through token sharing. Lumx adds a holder relationship (SUPPLIER, EMPLOYEE, SUBSIDIARY and others) and a purpose code on each payment.

2. Open a sandbox at dashboard.lumx.io. New accounts start in a sandbox with mock banking partners; magic numbers on taxId force approved, rejected or pending verification.

3. Replace Due-named accounts with named accounts. Customers who received MXN or COP into accounts under Due's name get a CLABE or COP account in their own name; add BRL accounts for the Brazilian leg Due does not run today, and keep EUR, GBP and USD accounts as they were.

4. Move balances from the vault to custodial wallets. Lumx wallets are provisioned per customer on Ethereum, Polygon, Base and Tron; the user transfers USDC from the Due vault on a shared chain. This is a custody change and should be disclosed to users.

5. Re-route payouts by rail. SEPA, Faster Payments, ACH, FedWire, SPEI and Bre-B map directly, each on a locked quote (30 seconds free, one or five minutes for a fee); SWIFT in EUR and GBP and non-LATAM corridors stay on Due or another provider.

6. Subscribe to webhooks and run parallel. Send Idempotency-Key on every mutation, reconcile both ledgers for one cycle, then move production traffic. Read the docs or talk to us.