payment processing systems Transact24 Ltd (United Kingdom) was an electronic money institution authorized and regulated by the Financial Conduct Authority. Transact24 was focused on payment processing systems. The company offered ACH payment processing, card payment processing, international prepaid cards, SEPA payments, virtual prepaid cards, payment gateways to business entities. In 2020 Transact24 Ltd had total assets of 3.54 mln GBP, and generated net income of -779,228.00 GBP.
Transact24 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.
Transact24 Ltd is not registered with the FCA as a crypro asset firm.
Transact24 do not offer crypto assets services.
| GBP | 2019 | 2020 | change (%) |
|---|---|---|---|
| Total Assets | 4,246,053.00 | 3,535,712.00 | -16.73% |
| Turnover | 372,508.00 | 104,805.00 | -71.87% |
| Gross Profit | 197,712.00 | 53,395.00 | -72.99% |
| Net Income | -661,154.00 | -779,228.00 | +17.86% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 100 (-5) |  American Express Advanced Services Europe Limited | 0.02 % | 3.55 mln GBP (+0.97%) |
| 101 (-10) | Transact24 Ltd | 0.02 % | 3.54 mln GBP (-16.73%) |
| 102 (-1) |  Ozan Limited | 0.02 % | 3.78 mln EUR (+6.91%) |
EnglishUnited KingdomTransact24 Ltd is authorized by the Financial Conduct Authority as a e-money institution (reference number 900538) 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 9 March 2018 and revoked on 9 March 2018.
Transact24 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, Transact24 is required to safeguard its customers’ money.
Since January 2021, Transact24 Ltd can not conduct its activities in EEA member states.
Transact24 Ltd is connected to Visa payment card scheme.
Evergreen House North Grafton Place, NW1 2DX, London, United Kingdom
+44 (0) 207 182 4053
https://www.transact24.com/English
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