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LocalPay- (Bizrise Technology Pvt Ltd)
India
Apr 2019 (6 Years)
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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 LocalPay- (Bizrise Technology Pvt Ltd)
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Get to know LocalPay- (Bizrise Technology Pvt Ltd)
Bizrise Technology a parent entity of "LocalPay" building a cash collection payment gateway mobile app for online retailers where they can target 500 million smartphone users especially in the remote areas by integrating our API. In digitalisation world, people still prefer to do cash payment because of the unavailability and unawareness of credit/debit cards, wallets, UPI,net banking. Cash is still the king in most region of the country. By integrating our API, there will be a LOCALPAY option at the time of payment checkout. LocalPay has already set up a network of around 1 lakh local distributors and agents who will do the cash collection on company's behalf. Once the cash is collected the agent will update in their app and it will automatically process the order. This can really solve the problem in targeting more and more customers in remote areas and will increase the sales and company'd brand identification.
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