How safe is our picpay money?

Hi,
I hope I am not being naive here but I have a question:
Did I read somewhere that money stored in our picpay is safe and guranteed payable even if pips crashes(god forbids)? or IAM I just immagining?
Your input is highly appreciated
Nawal

I also read that and it's probably true to a point, however if they don't actually have the cash (I'm not saying they don't but they might not) then it means sod-all really.

Picpay will ************Edited by Shell************ccounts.


Do not post unconfirmed information, or hearsay please! Mod. Shell

catmondo, from where do you have this info??

If P*ps goes under P**p** will to. It is owned by the same people.

I wouldn't be so rash and strip my P*ps account out to fund P**p** like you hear from other people.

Have Faith and hope for the best. P*ps will prevail!