providing payment accounts and cards DigiDoe Ltd (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. DigiDoe is focused on providing payment accounts and cards. The company offers payment accounts, payment cards, cross-border payments, currency exchange, banking as a service (BaaS) to natural persons, companies, banks. In 2023 DigiDoe Ltd had total assets of 2.40 mln GBP.
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, DigiDoe Ltd is assigned the overall rating 3.51 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Broad | (3.43) |
| Market Niche | Broad | (3.43) |
| Company Background | Average | (3.24) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | Poor | (2.06) |
| Transparency | Low | (2.53) |
| Overall Rating | Good | (3.51) |
|---|
TheBanks.eu has also identified the following pros and cons of the company:
Accounts offered by DigiDoe as a part of BaaS are multi-currency accounts, allowing account holders to keep their funds in 3 currencies, namely:
GBP (Pound sterling)
EUR (Euro)
USD (US dollar)
Web InterfaceAgent License. A private reseller agreement is signed between DigiDoe and the company. DigiDoe assists the company in obtaining EMD Agent License from the Financial Conduct Authority.
Separate License. DigiDoe assists the company in obtaining Banking/EMI license from the Financial Conduct Authority.
DigiDoe 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.
DigiDoe Ltd is not registered with the FCA as a crypro asset firm.
DigiDoe do not offer crypto assets services.
| GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 1,489,577.00 | 2,396,173.00 | +60.86% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 145 (-10) |  Boku Account Services UK Ltd | 0.00 % | 1.51 mln GBP (+1.89%) |
| 146 (+46) | DigiDoe Ltd | 0.00 % | 1.49 mln GBP (+309.04%) |
| 147 (-8) |  Ecommerce Technologies LTD | 0.00 % | 1.41 mln GBP (-0.29%) |
United KingdomDigiDoe Ltd is authorized by the Financial Conduct Authority as a e-money institution (reference number 901043) 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; the authorization was granted on 26 March 2021.
DigiDoe 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, DigiDoe is required to safeguard its customers’ money.
Since January 2021, DigiDoe Ltd can not conduct its activities in EEA member states.
DigiDoe Ltd is a SWIFT member.
167 Turners Hill, Chesnut, EN8 9BH, Waltham Cross, United Kingdom
+44 2038655467English
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