Company Information

Get to know Cross Switch Benin

Cross Switch is a digital payment service company and part of the MFS Africa Group, one of the largest digital payment networks in Africa. The company's mission is to simplify the complexity of payment ecosystems for businesses by providing a single, reliable payment gateway. This allows merchants to accept a wide variety of payment methods, including mobile money and bank cards, through one integration. In 2023, the Central Bank of West African States (BCEAO) granted Cross Switch a license as an Electronic Money Institution (EMI), authorizing its operations across the eight countries of the West African Economic and Monetary Union (UEMOA), including Benin.

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Financial PSP GatewayPRIMARY
Financial Other Service

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Cross Switch Benin

Benin

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(326 reviews)

United States

2008

(18 years)

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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.