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PAYMYNT Financial
United States
01 Feb 2020 (5 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 PAYMYNT Financial
Company Information
Get to know PAYMYNT Financial
PAYMYNT is a digital commerce and mobile banking app with a built-in universal cashback and crypto rewards incentive. It merges mobile and e-commerce, brand loyalty, fintech, and blockchain technologies. It created the Mobile Rewards Marketplace, a single destination to shop, save, earn, bank, and invest with a smartphone. PAYMYNT Rewards Marketplace is an online shopping app designed with rich, cash-back, crypto, and credit incentives. It's configured for IOS, Android users, and a web browser. Consumers shop as usual but earn cash-back from thousands of participating merchants with the brands they love, accumulating incredible financial incentives each time they use the platform. In addition to the cashback rewards, PAYMYNT created a universal digital rewards token called the MYNT Coin. MYNT coins are pre-mined and earned via a "Proof of Earning" from customer's online and in-store purchases. MYNT coins are the foundation to the universal rewards platform. Now consumers can finally leverage more of their spending through one daily "go-to" smart app. MYNT coins can be used as a medium of payment exchange or as a store of value. MYNT's are tokenized from the MYNT points program and issued via a smart contract on the Stellar blockchain without any transaction fees. PAYMYNT's long term plans are to create a digital wallet, debit card, p2p payment features, and personalized investment products to improve its customer's financial well being. Its the most rewarding mobile commerce and banking app for the next generation.
Industry
- Financial Other ServicePRIMARY
- Financial PSP Gateway
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