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SimplyTapp
United States
2011 (14 Years)
Last online: No recent activity
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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 SimplyTapp
Company Information
Get to know SimplyTapp
SimplyTapp provides cloud-based mobile payment solutions for banks, payment card issuers, transit authorities, and retailers. They provide mobile payment distribution and authorization solutions for enterprises including financial institutions, big-box retailers, fueling stations, quick service merchants as well as mobile wallet providers and developers. It was founded in 2011 and headquartered in Austin, Texas.
Industry
- Financial BankingPRIMARY
- Financial PSP Gateway
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