Company Information

Get to know Fagopay

Fago Payment Technology Limited, operating under the brand name Fagopay, is a financial technology company based in Nigeria. Its mission is to simplify financial transactions and promote financial inclusion across Africa. Fagopay offers a suite of services through its mobile and web platforms, including a digital wallet for peer-to-peer transfers, bill payments (airtime, data, utilities), and a payment gateway for merchants to accept online payments. The company is licensed by the Central Bank of Nigeria (CBN) as a Payment Solution Service Provider (PSSP), enabling it to provide secure and regulated financial services.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Fagopay

Nigeria

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

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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.