Decent Finance Limited (United Kingdom) was an electronic money institution authorized and regulated by the Financial Conduct Authority. Decent Finance was focused on providing mobile wallets. In 2022 Decent Finance Limited had total assets of 1.14 mln GBP. Decent Finance Limited is doing business as WLX.
Convenient & secure mobile wallet
WLX Wallet is a multi-currency account, allowing the account holder to have funds in the following currencies:
Payment cards are not offered together with WLX Wallet.
Decent Finance 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.
Decent Finance Limited is not registered with the FCA as a crypro asset firm.
Decent Finance do not offer crypto assets services.
GBP | 2021 | 2022 | change (%) |
---|---|---|---|
Total Assets | 1,047,659.00 | 1,143,373.00 | +9.14% |
Rank | Name | Market % | Total Assets |
---|---|---|---|
155 (-2) | EQUALS MONEY INTERNATIONAL LIMITED | 0.00 % | 1.15 mln GBP (+18.97%) |
156 (-7) | Decent Finance Limited | 0.00 % | 1.14 mln GBP (+9.14%) |
157 (-21) | W1TTY Global Ltd | 0.00 % | 1.07 mln GBP (-26.62%) |
Decent Finance Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900879) 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 20 December 2019 and revoked on 4 October 2022.
Decent Finance 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, Decent Finance is required to safeguard its customers’ money.
Since January 2021, Decent Finance Limited can not conduct its activities in EEA member states.
Decent Finance has profiles on the following social networks: