Overview

Worldcore

Information by Research Trustfinance

https://worldcore.com

Worldcore was a Czech Republic-based financial technology company, operated by EUPSPROVIDER s.r.o., that launched in 2015. It positioned itself as an alternative to traditional banking, offering services such as multi-currency payment accounts, international money transfers, prepaid debit cards, mass payments, and a payment gateway for e-commerce businesses. The company gained initial traction and won several industry awards. However, in late 2018, Worldcore suffered a major cyberattack resulting in significant financial losses. Following this event, the Czech National Bank (CNB) conducted an investigation and subsequently revoked the company's payment institution license in March 2019 for serious breaches of anti-money laundering (AML) regulations, which led to the cessation of all its operations.

Founded in
Czech Republic

Czech Republic


Industry

    Financial

  • Electronic PaymentPRIMARY
  • Other Service
  • Payment