personal and business accounts VIVID MONEY S.A. (Luxembourg) is an electronic money institution authorized and regulated by the Commission de Surveillance du Secteur Financier. JOOMPAY EUROPE is a part of Joom Group (Portugal), an international e-commerce and fintech platform, founded in 2016. VIVID MONEY is focused on personal and business accounts. The company offers payment cards, personal IBAN accounts, business IBAN accounts to private individuals.
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, VIVID MONEY S.A. is assigned the overall rating 3.45 (good) which is explained in details below.
| Operating Environment | Very Friendly | (4.30) |
| Product Range | Average | (3.05) |
| Market Niche | Narrow | (1.92) |
| Company Background | Poor | (2.10) |
| Customer Support | Good | (3.81) |
| Customer Sentiment | Excellent | (4.28) |
| Transparency | High | (3.91) |
| Overall Rating | Good | (3.45) |
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TheBanks.eu has also identified the following pros and cons of the company:
VIVID MONEY do not conduct operations with cryptocurrencies.
Luxembourg
VIVID MONEY S.A. is authorized by the Commission de Surveillance du Secteur Financier as a e-money institution (reference number W00000015) for issuance of electronic money, distribution and redemption of electronic money, issuing payment instruments or acquiring payment transactions; the authorization was granted on 9 November 2020.
VIVID MONEY 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, VIVID MONEY is required to safeguard its customers’ money.
Due to EEA passport rules VIVID MONEY S.A., can conduct its activities in any of the 30 EEA member states.
VIVID MONEY S.A. is a SWIFT member and a SEPA (SCT, SCT Inst) scheme participant.
VIVID MONEY S.A. is connected to Visa payment card scheme.
21 rue Glesener, L-1631, Luxembourg, Luxembourg
English
Chinese
Portuguese
RussianVIVID MONEY has profiles on the following social networks:
United Kingdom
Norway
Greece
Hungary
Estonia
LithuaniaNo. VIVID MONEY S.A. is not a bank, but an electronic money institution authorized and supervised by the Commission de Surveillance du Secteur Financier (ref number: W00000015).
JOOMPAY EUROPE is a member of Joom Group, an international group of e-commerce companies. Joom was founded in June 2016 in Riga, Latvia. In 2023, Joom moved its headquarters to Lisbon, Portugal. It also has offices in China, Hong-Kong, Brazil, the USA and Germany. Joom Group also includes (apart from JoomPay) Joom Marketplace, Onfy, and JoomPro.
No, the company offers mobile wallets and payment cards.
