providing mobile wallets STREX AS (Norway) is an electronic money institution authorized and regulated by the Financial Supervisory Authority of Norway. STREX is focused on providing mobile wallets.
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, STREX AS is assigned the overall rating 2.42 (poor) which is explained in details below.
| Operating Environment | Friendly | (4.19) |
| Product Range | Narrow | (1.54) |
| Market Niche | Very Narrow | (1.35) |
| Company Background | Poor | (2.55) |
| Customer Support | Good | (3.43) |
| Customer Sentiment | Bad | (1.63) |
| Transparency | Average | (3.05) |
| Overall Rating | Poor | (2.42) |
|---|
TheBanks.eu has also identified the following pros and cons of the company:
STREX do not conduct operations with cryptocurrencies.
Norway
STREX AS is authorized by the Financial Supervisory Authority of Norway as a e-money institution (reference number FT00069344) for issuance of electronic money, distribution and redemption of electronic money; the authorization was granted on 1 February 2016.
STREX AS 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, STREX is required to safeguard its customers’ money.
Due to EEA passport rules STREX AS, can conduct its activities in any of the 30 EEA member states.
Drammensveien 133, 0277, Oslo, NorwayNorwegian
Malta
Lithuania
Sweden
Ireland
Cyprus
France
