Listing Updates

Cyprus-Based High-Risk Payment Processor LegionPay Listed On PayRate42

The online rating agency PayRate42 reviewed the Cyprus-based high-risk payment processor LegionPay and included it in its Green Compliance list. LegionPay offers its clients the ability to receive digital payments from all over the world via fully integrated API solutions for card processing, bitcoin deposits, and other payment options.

Nigerian PalmPay Listed “Green” On PayRate42

PayRate42 listed the Nigerian e-Money Institution PalmPay (website) in its "Green Compliance" list, suggesting that it is a reliable partner for merchants and their clients. PalmPay serves over 5 million users, with its monthly transaction volume standing at over $100 million as of June 2021. The company has partnerships with Chinese mobile brands Tecno, Infinx, and itel, which includes pre-installation of the startup’s app on 20 million phones.

Israeli Crypto Payment Processor Oobit Registered in Italy!

FinTelegram reports that the Israeli crypto payment processor Oobit Technologies Pte. Ltd d/b/a Oobit announced that it has registered as a digital asset service provider in Italy. This will allow Oobit to offer crypto products and services to its growing customer base in Italy. The payment processor's Estonian crypto license was archived as of August 3, 2022.

Payment Agent Tranzbase Listed On PayRate42

Tranzap Ltd d/b/a Tranzbase, a PSD Agent registered with the UK Financial Conduct Authority (FCA), is doing business on behalf of its principal Cauri LTD, an FCA-authorized Payment Institution (PR42 profile). The payment agent is focused on online merchants and offers bank accounts with dedicated IBAN for SEPA and SWIFT payments. Additionally, a company prepaid card is offered to merchants.

Cyprus-Based High-Risk Payment Processor Payabl Induced in PayCom42 Listing!

Payabl (previously Powercash21) is a regulated Payments Institution and merchant service provider specializing in acquiring, issuing, and mobile Payments with a license granted by the Central Bank of Cyprus with license No: Payabl is a principal member of Visa and MasterCard with the acquisition and issuance of certifications and local payment solutions.

Klarpay Listed And Reviews On PayCom42

Klarpay is the trading style of Klarpay AG, a company regulated by the Swiss Financial Market Supervisory Authority (FINMA). The FinTech was founded in 2019 by former BDSwiss managers and comes across as a sort of BDSwiss spin-off. At least when it comes to the involved people.

FCA-Regulated Pixxles Review And Rated on PayCom42

The FCA-regulated high-risk payment processor Pixxles is allegedly the successor to the US-based T1 Payments group. Pixxles ( is the trading name of Pixxles Ltd, an e-money institution regulated by the Financial Conduct Authority (FCA) with reference number 927960. The T1 Payments manager Amber Fairchild established the company in October 2018 and is the controlling owner.

US High-Risk Payment Processor T1 Payments Listed & Reviewed

T1 Payments is an unregulated high-risk payment processor in the U.S. and the U.K. Donald Kasdon (LinkedIn) established the company in 2012. The US payment processor has recently attracted attention for terminating high-risk clients (merchants) and multi-level marketing operators Beyond Wealth and IBUUMERANG. T1 Payments allegedly retained $4M and $6M respectively. Both filed fraud complaints against the payment processor. The court cases are still proceeding.

PayCom42 Added Cyprus-Based To Its Listings

PayCom42 added Paze a/k/a, a Cyprus-based payment gateway operator and white-label SaaS solution provider for other payment processors, to its listings. The company...

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