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VietUnion (Payoo)
Vietnam
14 Jan 2008 (17 Years)
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3.33
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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 VietUnion (Payoo)
Company Information
Get to know VietUnion (Payoo)
VietUnion Online Services Corporation (VietUnion) was founded on Jan 14, 2008. Our key investors are NTT Data (Japan) and Saigon Construction Corporation (SCC). VietUnion develops and operates the payment platform, named Payoo, under the intermediary payment service licenses granted by the State Bank of Vietnam (SBV). Payoo is one of the leading payment platforms in Vietnam, which provides several services including Bill Presentment and Payment (over 200 bill services provided), Payment Gateway, e-Wallets, in supporting of the Collection and Disbursement, and Money Transfer. Besides having direct connection with more than 35 different banks in Vietnam, Payoo also maintains a partnership of 7000 physical Point of Sales (POS) across Vietnam, such as convenience stores (CircleK, FamilyMart, B'sMart, 7Eleven, Vinmart+ etc.), supermarkets, and ICT shops (MobileWorld, FPT Shop, VienthongA, NguyenKim, Mediamart, Pico etc). In 2017, Payoo processed over 2 billions USD in terms of transaction value.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Financial PSP Gateway
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