Company Information

Get to know Virtual Wallet Systems Private Limited

Virtual Wallet Systems Private Limited, operating under the brand name VWS ONLINE, is a service aggregator and payments solution provider based in India. Incorporated in 2018, the company focuses on empowering a network of retailers and agents by providing them with the technology to offer various digital financial services. Their core offerings include the Aadhaar Enabled Payment System (AEPS), Bharat Bill Payment System (BBPS), Domestic Money Transfer (DMT), and Micro-ATM services, enabling their partners to serve end-consumers with banking, bill payments, and money remittance facilities.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Virtual Wallet Systems Private Limited

India

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Reviews

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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.