Company Information

Get to know KoronaPay Europe

Koronapay Europe Limited operates the KoronaPay service in Europe. It is an Electronic Money Institution (EMI) licensed and regulated by the Central Bank of Cyprus. The company's core business is facilitating fast, secure, and affordable international remittances to over 50 countries. Its service is built around a user-friendly mobile app that allows users to send money from Europe to various destinations without transfer fees, earning revenue from the currency exchange spread. The company is part of the wider KoronaPay brand, which has a long history in the money transfer market, particularly in the CIS region.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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KoronaPay Europe

Cyprus

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.