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KINEKT Terminals
South Africa
15 Nov 2017 (7 Years)
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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 KINEKT Terminals
Company Information
Get to know KINEKT Terminals
KINEKT provides the world's 1st Low Cost, TRANSACTION AGNOSTIC (inter-operable) Payment Terminal = ENABLING ANY PAYMENT IN JUST 2 STEPS. The solution (patents pending) works similar to QR Code transactions to make payments, but instead of scanning a QR Code customers will simply dial a unique (different) USSD "short-code" displayed at every point of sale + PIN, which ANY HANDSET can do (without internet or software) = 2 billion users.
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- Financial Other ServicePRIMARY
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