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PassApp
Egypt
2015 (10 Years)
Last online: No recent activity
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1.67
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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 PassApp
Company Information
Get to know PassApp
PassApp is a digital key on a mobile wallet that is used to access certain gates and doors. It helps to digitize identity, access control, and payment instead of metal keys or plastic cards. Founded by Hany Al Boraie in 2015, PassApp is headquartered in Cairo, Egypt.
Industry
- Financial Other ServicePRIMARY
- Financial PSP Gateway
- Technology Software Development
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