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Turkey
27 Jun 2013 (12 Years)
Last online: No recent activity
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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.
Get to know Param
Company Information
Get to know Param
Founded in 2014, TURK Elektronik Para A.Ş., operating under the brand name Param, is Turkey's first licensed Electronic Money Institution. The company has pioneered numerous innovations in the Turkish fintech sector, becoming the first non-bank institution to become a member of major card schemes like Troy, Visa, and Mastercard. Param offers a wide array of financial solutions including prepaid cards (ParamKart), virtual and physical POS systems, online payment gateways, digital wallets, and a "Buy Now, Pay Later" (BNPL) service. With a FinTech-as-a-Service (FaaS) model, it also provides its robust infrastructure to other businesses. The company is actively expanding its footprint into Europe, with operations in the UK and other regions.
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