infrastructure components for payment processing Transactworld Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Transactworld is focused on infrastructure components for payment processing. The company offers payment gateways, digital wallets, risk engine, invoicing applications to businesses. In 2023 Transactworld Limited had total assets of 1.29 mln GBP, and generated net income of 115,126.00 GBP. During 2023 the company had 2 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, Transactworld Limited is assigned the overall rating 3.10 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Broad | (3.43) |
| Market Niche | Narrow | (2.29) |
| Company Background | Very Strong | (4.25) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | n/a | |
| Transparency | Low | (2.53) |
| Overall Rating | Average | (3.10) |
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TheBanks.eu has also identified the following pros and cons of the company:
Transactworld 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.
Transactworld Limited is not registered with the FCA as a crypro asset firm.
Transactworld do not offer crypto assets services.
| GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 605,688.00 | 1,293,022.00 | +113.48% |
| Turnover | 259,870.00 | 785,300.00 | +202.19% |
| Net Income | 209,182.00 | 115,126.00 | -44.96% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 176 () |  PIXXLES LTD | 0.00 % | 644,820.00 GBP (+38.84%) |
| 177 (+16) | Transactworld Limited | 0.00 % | 605,688.00 GBP (+67.67%) |
| 178 (+48) |  Zota Technologies (UK) Limited | 0.00 % | 604,389.00 GBP (+8,792.00%) |
United KingdomTransactworld Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900405) 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 28 March 2018.
Transactworld 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, Transactworld is required to safeguard its customers’ money.
Since January 2021, Transactworld Limited can not conduct its activities in EEA member states.
Stanmore Business & Innovation Centre Unit 110 Honeypot Lane Stanmore Place, HA7 1BT, London, United Kingdom
+44 (0) 20 8751 5282English
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
United Kingdom
