Company Information

Get to know Answer Pay

Founded by payment industry experts, Answer Pay provides a technology platform that connects billers with payers through the Request to Pay framework. The company's mission is to give consumers control over how they pay their bills while helping businesses simplify collections, reduce fraud, and lower transaction costs. As a certified technical service provider for Pay.UK's Request to Pay ecosystem and a participant in the SEPA Request-to-Pay scheme, Answer Pay facilitates a secure and flexible bill payment experience across the UK and Europe.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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Answer Pay

United Kingdom

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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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.