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Ininal
Turkey
01 Mar 2012 (13 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 Ininal
Company Information
Get to know Ininal
ininal, founded in 2012, aims to be “The Bank for the Unbanked”, providing simple financial products to unbanked and underbanked customers by leveraging physical retail networks and technology There are millions of people who are underbanked and unbanked in Turkey and MENA, presenting significant opportunities for new players in financial services Access - ininal retail distribution reaches %90 of market Value - with incentives and feature rich products we help our customer ecosystem pay less Ininal focuses on mass payment, ecommerce merchant ecosystem and retail distribution model. ininal ecosystem touches multiple parties, creating diverse and high potential revenue channels ininal has made significant investments in infrastructure and regulatory compliance As e-commerce adoption grows in MENA, demand for mobile/virtual POS solutions and payment alternatives increases significantly, presenting a huge expansion opportunity for ininal ininal has one of the most talented teams not in Turkish fintech ecosystem but also in the region, with Banking Regulation and Supervision Agency of Turkey (BDDK) payment systems and electronic money license, based on law on Payment and Securities Reconciliation Systems, Payment Services and Electronic Money Institutions" number 6493 ininal also established its own Payment Card Industry Data Security Standards (PCI DSS) compliant IT infrastructure, migrating some services from MasterCard to ininal infrastructure in order to gain speed and elasticity for further product developments and new business lines ininal will be 5th PCI DSS certified service provider in Turkey! ininal physical card is now being sold and top-up from 15,000 physical locations, 10 times more than the number of branches of the biggest bank in Turkey, and ininal virtual card can be downloaded from ininal wallet application without border! Ininal launched virtual POS Gateway and Mobile POS recently.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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