Decta Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Decta is focused on providing a flexible payment processing platform. The company offers accepting card payments with merchant account, merchant acquiring, service for credit card and payment processing, white-label card issuing and processing services to organizations. In 2023 Decta Limited had total assets of 15.92 mln GBP, and generated net income of 3.23 mln GBP. During 2023 the company had 12 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, Decta Limited is assigned the overall rating 3.82 (good) which is explained in details below.
Operating Environment | Very Friendly | (4.81) |
Product Range | Broad | (4.18) |
Market Niche | Narrow | (2.48) |
Company Background | Strong | (3.95) |
Customer Support | Poor | (1.92) |
Customer Sentiment | Good | (4.14) |
Transparency | Average | (3.39) |
Overall Rating | Good | (3.82) |
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TheBanks.eu has also identified the following pros and cons of the company:
Decta offers issuance of the following card types:
Reseller Agreement. A private reseller agreement is signed between Decta and the company.
Decta 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.
Decta Limited is not registered with the FCA as a crypro asset firm.
Decta do not offer crypto assets services.
GBP | 2022 | 2023 | change (%) |
---|---|---|---|
Total Assets | 18,135,819.00 | 15,920,626.00 | -12.21% |
Revenue | 49,508,943.00 | 38,168,499.00 | -22.91% |
Gross Profit | 14,390,250.00 | 8,217,974.00 | -42.89% |
Net Income | 8,802,746.00 | 3,229,005.00 | -63.32% |
Rank | Name | Market % | Total Assets |
---|---|---|---|
78 (-4) | Opay Holding Limited | 0.06 % | 18.52 mln GBP (+8.07%) |
79 (-13) | Decta Limited | 0.06 % | 18.14 mln GBP (-12.88%) |
80 | Luxon Payments Limited | 0.05 % | 16.26 mln GBP (+11.75%) |
Decta Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900592) 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; the authorization was granted on 18 April 2018.
Decta 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, Decta is required to safeguard its customers’ money.
Since January 2021, Decta Limited can not conduct its activities in EEA member states. Decta Limited keeps providing its services to EEA-based customers via DECTA LIMITED (Cyprus), Decta Limited (Ireland).
Decta Limited is a SWIFT member and a SEPA (SCT) scheme participant.
Decta Limited is connected to the following major payment card schemes: MasterCard, Visa.
Decta has profiles on the following social networks: