Key Data

• Trading Name: YO-DA wallet
• Legal Entity: not given
• Activities: Smart Finance App
• Location: Island of Anjouan, Union of Comoros
• Regulations: not given
• Key People: not given

YO-DA Wallet is a cutting-edge Ukrainian IT enterprise in the FinTech.

Their mobile app is designed to simplify and accelerate smart finance.

Offering

User can deposit, transfer, and withdraw funds in over 20 currencies.

Their service includes

• Instant payments
• One-click withdrawals
• Cryptocurrency transactions
• Multicurrency money transfers
• Merchant account solutions for business

They offer various payment methods, including Visa, Mastercard, OlaMoney, PayTm, Boleto, and more.

Serving Industries

• E-commerce
• Marketplaces
• Gambling
• Web 3.0

Conclusion and Rating

In conclusion, our comprehensive review of YO-DA wallet has led us to assign a compliance rating of Red.

This rating reflects significant regulatory concerns stemming from the absence of critical information necessary for a transparent and trustworthy operation within the cyberfinance sector.

Key areas of deficiency include the lack of disclosure regarding the identities and credentials of the company’s key personnel, an undisclosed operational location which complicates jurisdictional clarity, an absence of explicit regulatory oversight which raises questions about the entity’s compliance with relevant financial laws and guidelines, and a notable deficiency of customer reviews that could attest to the company’s reliability and service quality.

These omissions undermine the trust and confidence that users and stakeholders should reasonably expect from a payment processor or financial service provider operating in this space. As such, until YO-DA wallet addresses these significant gaps in transparency and regulatory compliance, our assessment remains unequivocally Red, signaling serious regulatory concerns that potential users and partners should consider.