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ErrandPay
Nigeria
2019 (6 Years)
Last online: No recent activity
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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 ErrandPay
Company Information
Get to know ErrandPay
ErrandPay is common knowledge that ErrandPay is every traveler's best friend and a dedicated companion for intra-African traders. With ErrandPay, you now have an easier way of accessing local currencies in any African country, from the comfort of your location. Paying for local bills or services has never been easier. This amazing experience begins by funding your ErrandPay balance with any currency in the world to get started.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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