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Group entities#
BINK is a group of companies. The entity you contract with depends on your country of residence and the product you use; it is named in your account agreement.
| Entity | Market |
|---|---|
| BINK PAY | Egypt |
| BINKPAY FINANCING BROKER L.L.C | United Arab Emirates |
| BINK PAY LTD | United Kingdom |
Permissions#
BINK Pay Ltd is not currently licensed, authorised or registered by any financial regulator, including the Financial Conduct Authority, and is not regulated or supervised by any authority in any country. No BINK entity currently holds a permission to issue electronic money, execute payment transactions or issue payment instruments. We do not take deposits and do not provide investment advice.
BINK is preparing an application to the Financial Conduct Authority for registration as a UK e-money institution. Until then, regulated services will only be provided through licensed partners.
Customer funds#
BINK does not currently hold or safeguard customer funds, and no customer funds are held by any partner on BINK's behalf. When live, customer funds will be held in segregated accounts at licensed partners, separately from BINK's own money. Balances are not bank deposits and are not covered by the Financial Services Compensation Scheme or any other deposit guarantee scheme.
Partners#
No partner payment or card services are live yet. When live, regulated services, including card issuing and settlement, will be provided by licensed partners, who will be named in the product and in your product terms before you use them.
Customer protection#
- When live, customer funds will be held in segregated accounts at licensed partners.
- The licensed partner providing each regulated service will be named before you use it.
- Complaints escalation to the relevant ombudsman or regulator, where available.
- Clear disclosure of the contracting entity before you sign up.
Register updates#
Regulatory registers are the authoritative source for any firm's permissions. BINK does not currently appear on any regulatory register. If BINK or a BINK entity is granted a permission, it will be published here.