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Czech Republic
2020 (6 Years)
Last online: No recent activity
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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.
Get to know PalmApp
Company Information
Get to know PalmApp
Founded in 2019, PalmPay is a financial technology company dedicated to driving financial inclusion across Africa. The platform operates as a mobile wallet that allows users to send and receive money, pay bills, purchase airtime, and access other financial services directly from their smartphones. PalmPay aims to bridge the gap for the unbanked and underbanked populations by providing a simple, secure, and low-cost alternative to traditional banking. The company is part of the Transsion Holdings ecosystem, which provides a strategic advantage in reaching a large user base through pre-installation on mobile devices.
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