Moneycollect feedback
- Thread starter fredouille1973
- Start date
- Status
Based on what I’ve found and been able to verify, Safety Technology Company Limited, the company listed behind MoneyCollect, is not registered as a financial service provider, SVF, or with the HKMA.
Because of that, I would be very cautious about using this service.
Because of that, I would be very cautious about using this service.
I can see a couple of employees on LinkedIn.
https://www.linkedin.com/company/moneycollect-payments/
For banking, it seems that they use DBS Hong Kong (with a SG SWIFT Code), hence they will not have any banking licence themselves.
https://docs.moneycollect.com/docs/wallet/global-collection-account
https://www.linkedin.com/company/moneycollect-payments/
For banking, it seems that they use DBS Hong Kong (with a SG SWIFT Code), hence they will not have any banking licence themselves.
https://docs.moneycollect.com/docs/wallet/global-collection-account
daniels27 said:
I can see a couple of employees on LinkedIn.
https://www.linkedin.com/company/moneycollect-payments/
For banking, it seems that they use DBS Hong Kong (with a SG SWIFT Code), hence they will not have any banking licence themselves.
https://docs.moneycollect.com/docs/wallet/global-collection-account
Click to expand...
They should still hold a money lender (can be adjusted to conduct payment services), MSO, or SVF license somewhere, yet the listed entity of the site has none of them.
Well, I presume they have something if DBS truly works with them. But it is strange to not publish any licenses and have the legal agreement on the site with an unlicensed entity.
From the images of the currency exchange tool and the open account details page, it seems to have the same text and controls as the Airwallex platform. So they might be running on their BaaS service (which does issue via DBS).
I can see a couple of employees on LinkedIn.
https://www.linkedin.com/company/moneycollect-payments/
For banking, it seems that they use DBS Hong Kong (with a SG SWIFT Code), hence they will not have any banking licence themselves.
https://docs.moneycollect.com/docs/wallet/global-collection-account
Click to expand...
They should still hold a money lender (can be adjusted to conduct payment services), MSO, or SVF license somewhere, yet the listed entity of the site has none of them.
Well, I presume they have something if DBS truly works with them. But it is strange to not publish any licenses and have the legal agreement on the site with an unlicensed entity.
From the images of the currency exchange tool and the open account details page, it seems to have the same text and controls as the Airwallex platform. So they might be running on their BaaS service (which does issue via DBS).
yes it is a bit tricky, I managed to get a bank account there.. to be connected to the bank directly they must be regulated somehow. they told on whatsapp that they are
fredouille1973 said:
ja, es ist ein bisschen knifflig, ich habe es geschafft, dort ein Bankkonto zu eröffnen. Um direkt mit der Bank verbunden zu werden, müssen sie irgendwie reguliert werden. Sie sagten auf WhatsApp, dass sie
Click to expand...
is it not just for locals fromChina?
on site they say its only for people from china
Where is your resident? And is the crypto exchange really as easy as it is shown in the video? they seem to tolerate it
ja, es ist ein bisschen knifflig, ich habe es geschafft, dort ein Bankkonto zu eröffnen. Um direkt mit der Bank verbunden zu werden, müssen sie irgendwie reguliert werden. Sie sagten auf WhatsApp, dass sie
Click to expand...
is it not just for locals fromChina?
on site they say its only for people from china
Where is your resident? And is the crypto exchange really as easy as it is shown in the video? they seem to tolerate it
derogsearch said:
is it not just for locals fromChina?
on site they say its only for people from china
Where is your resident?
Click to expand...
dubai. they opened.
is it not just for locals fromChina?
on site they say its only for people from china
Where is your resident?
Click to expand...
dubai. they opened.
fredouille1973 said:
dubai. they opened.
Click to expand...
thank you. can you possibly say what exactly was “tricky”?
It certainly looks interesting as they have an integrated crypto wallet and exchange
dubai. they opened.
Click to expand...
thank you. can you possibly say what exactly was “tricky”?
It certainly looks interesting as they have an integrated crypto wallet and exchange
derogsearch said:
thank you. can you possibly say what exactly was “tricky”?
It certainly looks interesting as they have an integrated crypto wallet and exchange
Click to expand...
product is in did interesting, tricky is can't find the proper exact licence and their answers on this are unclear.. on another hand they open accounts directly with a bank, it can't be unofficially
thank you. can you possibly say what exactly was “tricky”?
It certainly looks interesting as they have an integrated crypto wallet and exchange
Click to expand...
product is in did interesting, tricky is can't find the proper exact licence and their answers on this are unclear.. on another hand they open accounts directly with a bank, it can't be unofficially
Hello, I would like to ask something,
A few weeks ago moneycollect still had in the footer that they belong to asiabill https://www.asiabill.com/
now in their own footer https://www.moneycollect.com/about the whole thing has been changed to "VANKIN COMPANY LIMITED", in between it was Moneycollect LLC
the support is also a bit delayed in the last weeks, should we expect them to have legal problems?
A few weeks ago moneycollect still had in the footer that they belong to asiabill https://www.asiabill.com/
now in their own footer https://www.moneycollect.com/about the whole thing has been changed to "VANKIN COMPANY LIMITED", in between it was Moneycollect LLC
the support is also a bit delayed in the last weeks, should we expect them to have legal problems?
- Status