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Chillr
India
22 Dec 2013 (11 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 Chillr
Company Information
Get to know Chillr
Chillr is an Indian FinTech startup that makes mobile banking & financial transactions super simple for millions of users. Chillr is a mobile and web application that allows users to send money directly between bank accounts using just the mobile number. The company works closely with leading banks including HDFC Bank, Bank of Baroda to make payments super simple, secure & instant. Chillr is a mobile payment subsidiary of MobME Wireless.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial PSP Gateway
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