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Altech NuPay
South Africa
1999 (26 Years)
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Security Information
What are the differences in regulations for each
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.
Company Information
Get to know Altech NuPay
Company Information
Get to know Altech NuPay
Altech NuPay was the first CSP (Customer Service Provider) to go live in the AEDO environment on 2 October 2006. Altech NuPay also started processing NAEDO (Non-authenticated Early Debit Order - Card not present) transactions in the same month. Altech NuPay is currently the leading AEDO (Authenticated Early Debit Orders) CSP operating within the micro finance Industry. At present Altech NuPay has over 4000 terminals in the field giving Altech NuPay the fifth largest point-of-sale footprint after the “Big 4” banks in South Africa.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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