payment solutions for merchants MONELIQ LTD (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. MONELIQ is focused on payment solutions for merchants. The company offers payment acceptance, payment acquiring, card issuing to merchants, businesses. In 2022 MONELIQ LTD had total assets of 498,412.00 GBP.
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, MONELIQ LTD is assigned the overall rating 2.62 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Focused | (2.29) |
| Market Niche | Narrow | (2.29) |
| Company Background | Average | (3.36) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | n/a | |
| Transparency | Low | (2.53) |
| Overall Rating | Average | (2.62) |
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TheBanks.eu has also identified the following pros and cons of the company:
MONELIQ 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.
MONELIQ LTD is not registered with the FCA as a crypro asset firm.
MONELIQ do not offer crypto assets services.
| GBP | 2021 | 2022 | change (%) |
|---|---|---|---|
| Total Assets | 539,191.00 | 498,412.00 | -7.56% |
| Turnover | 234,797.00 | ||
| Gross Profit | 234,797.00 | ||
| Net Income | 74,252.00 |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 183 (-28) |  Moneyfold Ltd | 0.00 % | 548,465.00 GBP (-41.62%) |
| 184 (-15) | MONELIQ LTD | 0.00 % | 498,412.00 GBP (-7.56%) |
| 185 (-8) |  BASTION FINGROUP LIMITED | 0.00 % | 488,808.00 GBP (+9.84%) |
United KingdomMONELIQ LTD is authorized by the Financial Conduct Authority as a e-money institution (reference number 901056) 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; the authorization was granted on 25 June 2020.
MONELIQ 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, MONELIQ is required to safeguard its customers’ money.
Since January 2021, MONELIQ LTD can not conduct its activities in EEA member states.
Stockley Park 4 Roundwood Avenue Uxbridge, UB11 1AF, London, United Kingdom
+44 2081031222English
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