Company Information

Get to know Ersal

Ersal is a financial technology company established by a consortium of prominent Saudi banks, including Alinma Bank and Albilad Bank. The company's primary focus is on simplifying and securing international money transfers for individuals and businesses in Saudi Arabia. Operating as a digital wallet, Ersal allows users to send money globally through its mobile application, offering competitive exchange rates and a user-friendly experience. The company is licensed and regulated by the Saudi Central Bank (SAMA), positioning itself as a trusted and compliant player in the Kingdom's growing fintech sector.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

Contact

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Ersal

Saudi Arabia

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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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.

Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

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.