Company Information

Get to know SnappPay

SnappPay is the financial technology arm of Snapp Group, Iran's largest ride-hailing and technology service provider. Launched as an integrated feature within the Snapp ecosystem, its core mission is to increase the purchasing power of consumers by providing a seamless credit and installment payment solution at the point of sale. The service allows users to purchase goods and services from a wide network of online and offline merchants partnered with Snapp and pay for them over a series of future installments, often interest-free. SnappPay is a strategic component of Snapp's "super-app" strategy, designed to enhance user engagement and retention by offering comprehensive services that extend beyond transportation and food delivery into the realm of digital payments and consumer credit.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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SnappPay

Iran

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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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.