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Mamo
United Arab Emirates
01 Jun 2019 (6 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 Mamo
Company Information
Get to know Mamo
Mamo is a bold and inclusive FinTech company committed to bringing financial independence to the underserved. Mamo’s flagship solution is Mamo Pay, a fast, secure, human-centred platform co-created to simplify everyday personal and business payments. With trust, traceability, and transparency at the top of its agenda, Mamo’s ambition is to accelerate the MENA region towards digital payments and champion financial inclusion and literacy across economically diverse communities. By empowering people with simpler, faster, friendlier financial products, insights and strategies. Mamo’s vision is to make everyday payments, transfers, and transactions simple, while bringing financial independence to every human being.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Financial PSP Gateway
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