P

Pay1

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India

Founded in

Jul 2012 (13 Years)

Founded

Last online: No recent activity


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0.00

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Traffic & Engagement

3.33

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Security Information

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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.

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    Company Information

    Get to know Pay1

    Pay1 is a retail-tech platform focused on empowering the unorganised retailers of India. Today we have more than 10 million mom and pop stores spread throughout the nook and corner of our country who are in need of complete overhaul. The vision of our company is to empower and create micro employment opportunities and make them independent. Pay1 already provides retailers with diverse payment options like AePS, mPOS, Money transfer, Recharges & Bill Payments. Pay1 also provide loan services to enable retailers and expand their business. This Pay1 platform also help companies and start-ups alike to advertise, brand themselves through various offline channels and enhance their network to these corner shops and help them evolve. Companies through Pay1 platform can reach the audience spread through tier 2 and tier 3 markets, this will also empower the retailers and make them a central trading point. The efficiency of doing business through Pay1 platform will be improved many folds both for the products and service companies as well as the unorganised retailer. Today, Pay1 has more than 50k active retailers in the market, who are using the already existing services to make their business more successful.

    Industry

    • Financial Other ServicePRIMARY

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