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Xaggo
United States
17 Nov 2017 (7 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 Xaggo
Company Information
Get to know Xaggo
Xaggo is the worlds first international bill payment platform. Providing an instant way for people to pay bills in any country from around the world. It is an online mobile bill pay service that lets people pay bills or send funds to friends and family living abroad, using a computer, smartphone or tablet. It is a safer and more affordable alternative to retail money transfer companies that charge high fees and undercut exchange rate prices. Funds can be received even to those without a bank account, and bills can be paid conveniently directly to the service provider. Using an in-house network, Xaggo's team has a specialized focused on the Latin American remittance market, and will thus launch with Latin American immigrants living in the United States.
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