Company Information

Get to know Vimo Pay

Vimo Pay, developed by Vimo Technology Joint Stock Company, was one of Vietnam's pioneering mobile wallet applications, launching in 2014. The platform facilitates electronic payments, including P2P transfers, bill payments, and QR code payments at a wide network of merchants. In 2019, Vimo merged with the mPOS.vn Technology Joint Stock Company to form NextPay, a comprehensive digital transformation and payment platform for small and medium-sized enterprises (SMEs) in Vietnam. While the Vimo e-wallet brand continues to exist, it is now an integral part of the broader service suite offered by NextPay.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Vimo Pay

India

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(77 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.