Company Information

Get to know Union Mobile Financial Technology (Canada) - Company closed down in Jan 2021

Union Mobile Financial Technology (Canada) Co., Ltd. was the Canadian subsidiary of the Chinese third-party payment service provider, Union Mobile Pay (联动优势). Established in 2018, the company's primary mission was to offer Canadian merchants integrated cross-border mobile payment solutions, enabling them to accept popular Chinese payment methods like WeChat Pay and Alipay. Their services targeted businesses in sectors such as retail, tourism, and education, aiming to cater to Chinese tourists, students, and residents in Canada. The company ceased operations and was formally dissolved in January 2021.

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Financial Other Service

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Union Mobile Financial Technology (Canada) - Company closed down in Jan 2021

Canada

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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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.