BNKPro Ltd (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. BNKPro is focused on providing payment accounts and cards. The company offers e-wallet accounts, payment cards, stocks trading to individuals. In 2023 BNKPro Ltd had total assets of 2.98 mln GBP, and generated net income of -2,095,040.00 GBP. During 2023 the company had 4 employees in average.
13 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, BNKPro Ltd is assigned the overall rating 3.04 (average) which is explained in details below.
Operating Environment | Very Friendly | (4.81) |
Product Range | Focused | (2.29) |
Market Niche | Narrow | (1.92) |
Company Background | Strong | (3.44) |
Customer Support | Average | (2.67) |
Customer Sentiment | Poor | (1.87) |
Transparency | Average | (3.05) |
Overall Rating | Average | (3.04) |
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TheBanks.eu has also identified the following pros and cons of the company:
Trade, Invest, Send and Spend
BnkPro e-Wallet is a multi-currency account, allowing the account holder to have funds in the following currencies:
MasterCard cards can be ordered together with BnkPro e-Wallet. Both virtual and plastic cards are available.
BNKPro 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.
BNKPro Ltd is not registered with the FCA as a crypro asset firm.
BNKPro do not offer crypto assets services.
GBP | 2022 | 2023 | change (%) |
---|---|---|---|
Total Assets | 3,086,122.00 | 2,976,883.00 | -3.54% |
Revenue | 19,077.00 | 19,781.00 | +3.69% |
Net Income | -1,211,094.00 | -2,095,040.00 | +72.99% |
Rank | Name | Market % | Total Assets |
---|---|---|---|
122 (-12) | eCOMM Merchant Solutions Limited | 0.01 % | 3.70 mln EUR (-4.42%) |
123 (+7) | BNKPro Ltd | 0.01 % | 3.09 mln GBP (+68.84%) |
124 (+16) | Privat 3 Money Ltd | 0.01 % | 70.96 mln GBP (+5,228.56%) |
BNKPro Ltd is authorized by the Financial Conduct Authority as a e-money institution (reference number 900870) for issuance of electronic money, distribution and redemption 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; the authorization was granted on 6 January 2019.
BNKPro Ltd 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, BNKPro is required to safeguard its customers’ money.
Since January 2021, BNKPro Ltd can not conduct its activities in EEA member states. BNKPro Ltd keeps providing its services to EEA-based customers via BNKPRO EUROPE LTD (Cyprus).
BNKPro Ltd is a SWIFT member.
BNKPro Ltd is connected to MasterCard payment card scheme.