providing mobile payment platform for e-commerce UP AGANEA EDE, S.A. (Spain) is an electronic money institution authorized and regulated by the Banco de España. UP AGANEA EDE is focused on providing mobile payment platform for e-commerce. The company offers white-label prepaid cards, secure payments to businesses.
E-money and prepaid cards solutions for companies and startups
International group present in 19 countries, specialist in transactional solutions and connection platforms
Platform for the Management and Securing of Electronic Money
Issuance of Prepaid Cards and digital payment systems
(*)as stated by the company itself
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, UP AGANEA EDE, S.A. is assigned the overall rating 2.70 (average) which is explained in details below.
| Operating Environment | Friendly | (3.74) |
| Product Range | Average | (2.67) |
| Market Niche | Narrow | (2.48) |
| Company Background | Average | (3.01) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | n/a | |
| Transparency | Low | (2.53) |
| Overall Rating | Average | (2.70) |
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TheBanks.eu has also identified the following pros and cons of the company:
Reseller Agreement. A private reseller agreement is signed between UP AGANEA EDE and the company.
UP AGANEA EDE do not conduct operations with cryptocurrencies.
Spain
UP AGANEA EDE, S.A. is authorized by the Banco de España as a e-money institution (reference number 6709) 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), issuing payment instruments or acquiring payment transactions; the authorization was granted on 15 March 2019.
UP AGANEA EDE, S.A. 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, UP AGANEA EDE is required to safeguard its customers’ money.
Due to EEA passport rules UP AGANEA EDE, S.A., can conduct its activities in any of the 30 EEA member states.
UP AGANEA EDE, S.A. is connected to MasterCard payment card scheme.
AV EUROPA 14, 28108, ALCOBENDAS, Spain
+34 911890522Spanish
Estonia
Lithuania
France
Cyprus
Lithuania
LithuaniaNo. UP AGANEA EDE, S.A. is not a bank, but an electronic money institution authorized and supervised by the Banco de España (ref number: 6709).
"EDE" is an abbreviation for Spanish "Entidad de Dinero Electrónico", literally meaning "Electronic Money Entity" or "E-Money Institution". "SA" is a company legal from "Sociedad Anónima", close to "Limited Company".
The company is a part of the French cooperative group "Up Coop" present in 19 countries, with more than 50 years of history and dedicated to the social benefits and public aid sector.
