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Payac Services CLG

Ireland

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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Security Information

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This company is currently Unproved.

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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.

Company Information

Get to know Payac Services CLG

Company Information

Get to know Payac Services CLG

Payac Services CLG is a Credit Union Services Organisation (CUSO) established in 2016 by a group of Irish credit unions. Its primary mission is to provide a comprehensive suite of modern payment services, including current accounts, debit cards, and digital payment solutions, to the members of its owner credit unions. Operating as a shared service, Payac enables credit unions to compete with traditional banks by offering essential financial products under their own branding, thereby enhancing the value and relevance of the credit union movement in Ireland's modern financial landscape.

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