Company Information

Get to know wywallet

WyWallet was launched in 2012 as a joint venture by Sweden's four largest mobile network operators: Telia, Telenor, Tele2, and 3 (Hi3G Access AB). The company's mission was to create a leading mobile wallet for the Swedish market, allowing users to make point-of-sale payments, transfer money between individuals, and pay for online services and goods directly with their mobile phones. Despite its significant backing, the service struggled to gain widespread adoption and faced intense competition from the bank-owned mobile payment system, Swish. In 2015, WyWallet announced it would be discontinuing its services and officially ceased its payment operations.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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wywallet

Sweden

Founded in

2011 (15 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

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.