Company Information

Get to know Spare Payments

Spare Payments is a B2B financial technology company founded in 2017 with a mission to simplify the complex payment ecosystem. It acts as a Payment Service Provider (PSP) aiming to bridge the payment gap between the MENA region and the rest of the world, offering merchants a full suite of products including online payment gateways, Point-of-Sale (POS) solutions, and mobile SDKs to accept various forms of digital payments.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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Spare Payments

Egypt

Founded in

21 Jan 2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

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.