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payvault
Uganda
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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.
Company Information
Get to know payvault
Company Information
Get to know payvault
Pay Vault Services is a brand of Mormar Holdings Limited; a digital financial technology and consulting Solutions Company. Dully Incorporated and Licensed in Uganda, Pay Vault has distinguished itself in providing cutting-edge tailored solutions in Digital Financial Services through understanding the needs of its clients to tailor solutions that address their exact business needs and deliver high-value results. We help people and businesses unlock their growth potential. With our premium payments gateway, we facilitate and process Mobile Money transactions on behalf of our MNO partners, Utilities, Collections, Multiple disbursements, Airtime & data Top-ups, and merchant Payments through API, USSD, Apps, Web, POS terminals, and other user-friendly modules. The entity facilitates systems integration and USSD hosting as part of its portfolio. Through research and innovation, we develop various solutions that guarantee quality and convenience for all customer payment requirements. We pride in supporting and enhancing businesses through the development of customized financial and billing solutions for various entities including Banks, MFIs, SACCOs, other financial institutions, MNOs, SMEs among others.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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