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Canada
01 5月 2021 (5 Years)
Last online: No recent activity
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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.
Get to know Payday
Company Information
Get to know Payday
Founded by Favour Ori, Payday's mission is to empower the future of work for Africa by providing a seamless and efficient platform for African remote workers, freelancers, and businesses to send and receive money in multiple currencies (including USD, EUR, and GBP). Often described as a "PayPal for Africa," the company offers services such as virtual dollar and naira cards, currency swapping, and payment tools, enabling users to overcome traditional cross-border payment hurdles. The company participated in the Techstars Toronto accelerator program and has secured venture funding to expand its operations.
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