Company Information

Get to know Karri Payments

Karri Payments is a financial technology solution developed and backed by Nedbank, one of South Africa's largest banks. Launched to address the security risks and administrative burdens of handling cash payments in schools, the Karri app provides a secure platform for institutions to request payments for items like school trips, fundraisers, and events. Parents and members can then make these payments instantly from their smartphones using a linked bank card or wallet, receiving a digital receipt and a clear record of all transactions. The company's mission is to create a cashless environment for schools and other community groups, simplifying collections and improving financial tracking and safety.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Karri Payments

South Africa

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

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ASIC

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.