Company Information

Get to know Lyf Pay

Lyf Pay is a comprehensive mobile payment solution developed by LYF SAS, a French fintech company. The service was officially launched in May 2017 following the merger of two pre-existing mobile payment applications, Fivory (backed by Crédit Mutuel) and Wa! (backed by BNP Paribas and Carrefour). Lyf Pay's mission is to offer a universal and secure digital wallet that aggregates payment cards, loyalty cards, and coupons, while also facilitating instant money transfers between individuals. The company is backed by major French banks and retailers, including BNP Paribas, Crédit Mutuel, Oney, and Auchan, aiming to provide a unified payment experience for both consumers and merchants across France.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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Lyf Pay

France

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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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.