Company Information

Get to know Sharenet ATMs

Established in 1996, Sharenet ATMs (Pty) Ltd is a designated Payment System Operator (PSO) operating within South Africa's National Payment System and regulated by the South African Reserve Bank (SARB). The company's core business is to provide the critical switching infrastructure that enables customers of one member bank to perform transactions at the ATMs of other member banks. By facilitating this interoperability, Sharenet ATMs plays a key role in the efficiency and accessibility of the national electronic payments network.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Sharenet ATMs

United States

Founded in

1994 (32 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.