Company Information

Get to know payfort

Founded in 2013, Payfort established itself as a leading online payment gateway for businesses across the Arab world. Its mission was to build a secure and trusted payment ecosystem for the region, addressing local needs with services like credit/debit card processing, local payment methods, and advanced fraud prevention. In 2017, Payfort was acquired by Amazon as part of its acquisition of the e-commerce giant Souq.com. In December 2020, the Payfort brand was officially retired and rebranded as Amazon Payment Services, integrating its regional expertise with Amazon's global technology and infrastructure to continue serving merchants of all sizes.

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payfort

United Arab Emirates

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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.