e-wallets and online payments UP COOP (France) is an electronic money institution authorized and regulated by the Banque de France. UP COOP is focused on e-wallets and online payments.
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 COOP is assigned the overall rating 2.59 (poor) which is explained in details below.
| Operating Environment | Friendly | (4.06) |
| Product Range | Narrow | (1.54) |
| Market Niche | Very Narrow | (1.35) |
| Company Background | Average | (3.01) |
| Customer Support | Poor | (1.92) |
| Customer Sentiment | Good | (3.50) |
| Transparency | Average | (3.39) |
| Overall Rating | Poor | (2.59) |
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TheBanks.eu has also identified the following pros and cons of the company:
UP COOP is neither registered with the Autorite Des Marches Financiers (AMF) as a digital asset service providers, nor offers any crypto assets services.
DASP registration is mandatory to provide: 1. digital asset custody; and/or 2. buying or selling digital assets in a currency that is legal tender; and/or 3. trading of digital assets against other digital assets ; and/or 4. operation of a trading platform for digital assets.
UP COOP is not registered with the AMF as a digital asset service providers.
UP COOP do not offer crypto assets services.
France
UP COOP is authorized by the Banque de France as a e-money institution (reference number 63010) for issuance of electronic money, distribution and redemption of electronic money, 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; the authorization was granted on 8 June 2018.
UP COOP 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 COOP is required to safeguard its customers’ money.
Due to EEA passport rules UP COOP, can conduct its activities in any of the 30 EEA member states.
UP COOP is a SWIFT member.
9-11 Boulevard Louise Michel, 92230, GENNEVILLIERS, FranceFrenchUP COOP has profiles on the following social networks:
Lithuania
France
Cyprus
Lithuania
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Lithuania
