On April 13, 2026, Bnext, based in Spain, will cease consumer banking operations and shift focus to a business-to-business (B2B) financial infrastructure model.

In the wake of this announcement, Bnext, which operates as an Electronic Money Institution, highlights increased competition and heightened regulatory challenges as primary drivers for repositioning. The company will discontinue consumer account services and payment cards to concentrate on empowering other entities through its technology platform.

Until April 12, 2026, current users will maintain full access to their accounts and linked cards. Any remaining balances in unemptied accounts by the closure date will be transferred to an abandoned balance account under Spanish regulations, ensuring legal protection and accessibility for up to 20 years.

Regulatory and Strategic Shift

As per Bnext’s announcement, its Electronic Money Institution status allows it to collect customer funds, maintain accounts, and issue payment cards without a full banking license. This regulatory structure enabled the company to compete in the consumer payments market alongside traditional banks and other financial technology providers.

Company officials acknowledge significant changes in market dynamics since its inception. The decision to discontinue consumer services is part of broader industry challenges, including stricter regulatory oversight and intense competition from both established institutions and new market entrants.

In this context, Bnext aims to utilize its technological and regulatory infrastructure to serve corporate clients and organizations wishing to deploy payment solutions. This approach enables businesses to launch payment products under a regulated framework without building the underlying infrastructure themselves.

Evaluation of Token Utility

Previously, Bnext offered B3X tokens to reduce fees for cardholders. The company is currently assessing whether alternative uses for these tokens remain feasible after ceasing consumer operations. No specific timeline has been set for a decision on the future of the token.

The move from direct consumer services to infrastructure provision aligns with broader trends among fintech firms aiming for sustainable business models amid increased margin pressures and evolving compliance requirements across Europe. By focusing on enabling other companies to enter the payments market, Bnext intends to monetize its platform capabilities and regulatory standing without the operational costs associated with directly engaging consumers.