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Luxembourg
2014 (12 Years)
Last online: No recent activity
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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 payconiq
Company Information
Get to know payconiq
Payconiq International is a mobile payment and payment processing company headquartered in Luxembourg. Originally an initiative of ING Bank, it was established to create a unified, multi-country payment system based on QR codes. The company provides a platform that allows consumers to make seamless payments via their smartphones, linked directly to their bank accounts, for in-store purchases, online shopping, and peer-to-peer transfers. Payconiq operates primarily in the Benelux region (Belgium, the Netherlands, and Luxembourg) through partnerships with major local banks. In 2023, Payconiq International was acquired by the European Payments Initiative (EPI) as part of a strategic move to build a unified, instant payment solution for Europe.
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