Company Information

Get to know PayQR

Founded in 2013, PayQR was a pioneering Russian startup that aimed to revolutionize the retail payment process. Its mobile application allowed users to link their bank cards and make instant payments in stores, restaurants, and online by scanning a QR code, eliminating the need for physical cards or cash. The service also integrated features like loyalty programs and digital receipts. Despite raising venture capital and establishing numerous partnerships, the company ceased operations in 2017, citing challenges in achieving a sustainable business model amidst a competitive market.

Industry

Financial PSP GatewayPRIMARY
Financial Banking
Financial Payment

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PayQR

N/A

Founded in

11 जन. 2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

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.