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BuyNswipe
India
03 Jan 2017 (8 Years)
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What are the differences in regulations for each
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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.
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Get to know BuyNswipe
Company Information
Get to know BuyNswipe
Mission: Our goal isto simplify the way of doing digital transactions, make the businessfor offline retailers hassle free and to bring their businesses online with the help of new technologies so that people may never need cash. Vision: Accelerate reach of businesses to their customers & grow with them. Enhance profitability, revenue & generate new employment opportunities. BuyNSwipe Technology Pvt. Ltd. is a DIPP /DPIIT certified Fintech company registered under The Startup India program of Government of India, established in January 2017 by the engineering graduates. We are also registered under MSME – Udyog Aadhar and Incubated at JSS Business Incubator. We are one of India’s fastest growing tech-enabled Hyper-Local Payments Network working on a B2B model, offering digital financial/non-financialservices to locals, where we partner with retail stores that can offer Assisted Digital Financial Services like Cash Withdrawal, Balance Inquiry, Utility Payment, Aadhaar Enabled Services, Railway Ticketing Services, Insurance, Money Transfer and soon activating payment services like Bharat QR and UPI. Our innovative solutions are modeled to make the financial transactions seamless, quick, easy and strives to empower our retailer partners. BuyNSwipe has been significantly contributing towards the ‘Digital India’ movement by simplifying access to digital financial services for the masses with an USP of lower Customer Acquisition cost. Our goal is to grow this network to include 10m retail partners across Tier I, II and rural towns in India to digitally and financially empower the common man.
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