Company Information

Get to know Pay iO

Pay iO, part of the Mercuryo group of companies, is a digital asset platform launched in 2023. Its mission is to simplify cryptocurrency transactions for everyday use. The platform provides a suite of services including a multi-currency wallet, a cryptocurrency exchange to buy, sell, and swap assets, and a crypto-backed debit card for spending digital currencies online and in-store. Pay iO emphasizes regulatory compliance and security, holding registrations as a Money Services Business (MSB) with FinCEN in the US and FINTRAC in Canada, and operating through licensed entities in Europe.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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Pay iO

United Kingdom

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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Markets.com

(326 reviews)

United States

2008

(18 years)

Security Information :

FSCA

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.