Company Information

Get to know Payit.pk

Payit.pk is a flagship product of Avanza Solutions and is promoted as Pakistan's first dedicated bill payment application. The company's mission is to provide a secure, reliable, and convenient digital payment experience for Pakistani consumers. Its platform aggregates numerous billers, enabling users to pay for utilities (electricity, gas, water), telecommunications, education fees, government fees, and more through a single interface via its website and mobile app.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Payit.pk

Pakistan

Founded in

20 Jan 2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

--/90

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.