online payments solutions Ace Union Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Ace Union is focused on online payments solutions. The company offers online banking modules, prepaid cards module, mobile top-ups module, bill payments module, FasterPayments transfers, mobile wallets, prepaid cards to natural persons. In 2022 Ace Union Limited had total assets of 862,320.00 GBP, and generated net income of -105,191.00 GBP. During 2022 the company had 0 employees in average.
United Kingdom13 August 2024, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Ace Union Limited is assigned the overall rating 2.80 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Focused | (2.29) |
| Market Niche | Narrow | (1.73) |
| Company Background | Strong | (3.40) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | Poor | (2.55) |
| Transparency | Low | (1.85) |
| Overall Rating | Average | (2.80) |
|---|
TheBanks.eu has also identified the following pros and cons of the company:
Low-cost, user-friendly e-wallet
Ace Union Wallet is a single-currency account, allowing the account holder to have funds in GBP only.
GBP (Pound sterling)MasterCard cards can be ordered together with Ace Union Wallet. Only plastic cards can be ordered, virtual cards are not available.
Ace Union is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.
From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.
Ace Union Limited is not registered with the FCA as a crypro asset firm.
Ace Union do not offer crypto assets services.
| GBP | 2021 | 2022 | change (%) |
|---|---|---|---|
| Total Assets | 963,568.00 | 862,320.00 | -10.51% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 165 (+42) |  WECOLLECT (LONDON) LIMITED | 0.00 % | 865,868.00 GBP (+237.46%) |
| 166 (-14) | Ace Union Limited | 0.00 % | 862,320.00 GBP (-10.51%) |
| 167 (-19) |  Paystree Ltd | 0.00 % | 848,456.00 GBP (-19.10%) |
United KingdomAce Union Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900476) for issuance of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator, granting of credit related to execution of payment transactions on a payment account; the authorization was granted on 3 May 2018.
Ace Union Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Ace Union is required to safeguard its customers’ money.
Since January 2021, Ace Union Limited can not conduct its activities in EEA member states.
Ace Union Limited is a SWIFT member.
Ace Union Limited is connected to MasterCard payment card scheme.
49 Piccadilly Piccadilly House, M1 2AP, Manchester, United Kingdom
+44 120 485 5310English
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