Company Information

Get to know TURK Elektronik Para A.Ş.

Founded in 2014 and licensed by the Banking Regulation and Supervision Agency (BDDK) of Turkey in 2015, TURK Elektronik Para A.Ş., operating under the brand name "Param," is one of Turkey's first Electronic Money Institutions. The company offers a wide range of innovative financial services for both individual and corporate clients, including prepaid cards, virtual POS systems, money transfers, bill payments, and digital wallet solutions. Its mission is to simplify and secure financial transactions by leveraging technology to create accessible and user-friendly payment ecosystems.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial Payment

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TURK Elektronik Para A.Ş.

Turkey

Founded in

28 Aug 2014 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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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.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.