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WL Payments
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01 Jan 2015 (10 Years)
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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 WL Payments
Company Information
Get to know WL Payments
Our journey started back in 2015 when our CEO, Sunil Jhamb, founded the company to address several gaps in the payment space. Backed by one of the founders of Global Collect, Sunil formed a team of highly motivated and skilled developers. This team started out by building payment solutions for other payments companies and was soon a force to be reckoned with. At the same time, providing these services helped us understand first-hand what was needed to develop the best payment technology. The fruit of this learning and hard work is a proprietary built, award-winning, acquirer-agnostic payments gateway. Since 2019, we offer it as a white-label Platform as a Service (PaaS) to other payments companies. In the first quarter of 2021, we will serve our customers on the newly rebuilt WLP 3.0 gateway. Always staying true to our vision: “We grow when our Customers grow!”
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Technology Software Development
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