Company Information

Get to know epayments limited

Founded in 2011, ePayments Systems Limited operated as an Electronic Money Institution (EMI) authorised by the UK's Financial Conduct Authority (FCA). The company provided a global payment solution centered around its e-wallet, catering to freelancers, affiliates, and online businesses. Services included receiving and sending payments, currency exchange, and prepaid cards, aiming to facilitate international transactions. However, in February 2020, the FCA suspended its operations due to significant weaknesses in its anti-money laundering controls. After a prolonged period of being unable to satisfy the regulator's requirements, the company announced in September 2022 that it was permanently closing down and entering a solvent winding-down process to return all customer funds.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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epayments limited

New Zealand

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

Reviews

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Regulated

Recommended

(78 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.