Company Information

Get to know Dopapay

Founded in 2014, Dopapay aimed to provide financial inclusion for unbanked and underbanked populations by digitizing cash-based payroll. The company offered a platform for employers to manage and disburse salaries, while employees received their wages through a Dopapay card and a mobile application, allowing them to access their funds, pay bills, and make purchases electronically. The service was primarily focused on markets with large unbanked workforces, such as the UAE and Egypt. In August 2017, Dopapay was acquired by the global mobile payments company GoSwiff, which later merged with and rebranded as PayTabs, a major payment processing company in the MENA region.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Dopapay

India

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.