Company Information

Get to know tmw Pay

TMW (The Mobile Wallet) was a Mumbai-based fintech company that operated as a prepaid payment instrument (PPI) issuer, licensed by the Reserve Bank of India (RBI). It provided users with a digital wallet and a connected physical or virtual prepaid card, allowing for a wide range of online and offline transactions, including bill payments, recharges, and in-store purchases. The company aimed to bridge the gap between digital payments and physical card-based transactions. In 2021, TMW was acquired by Eroute Technologies Pvt. Ltd. and was subsequently rebranded into OmniCard, which now focuses on corporate expense management and payment solutions.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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tmw Pay

India

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

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This company is currently Unproved.

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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.