PayTechs | FinTelegram News

Category: PayTechs

July 27, 2023

Cyprus-Based Praxis Tech and Modulus Announce New Strategic Partnership!

Praxis Tech is a paytech founded by an Israeli team around Amit Klatchko in Cyprus. They operate a payments orchestration platform for merchants with 540+ PSPs. Praxis formed a strategic partnership with fintech Modulus. a provider of advanced financial technology products and services to financial institutions.

April 25, 2023

Praxis Tech And SoftGamings Expand Their Partnership

The Cyprus-based paytech Praxis Tech Ltd of Amit Klatchko announced the expansion of its partnership with SoftGamings, an online gaming and casino white label provider. SoftGamings will include some of Praxis Tech's latest product features and enhancements in its payment solution. This includes the merchant-initiated transactions (MIT) feature, which improves the customer experience by facilitating one-click payments for customers.

February 21, 2023

Expansion: Cyprus-Based PayTech Praxis Opens Office In Dubai!

The Cyprus-based paytech Praxis Tech Ltd d/b/a Praxis, founded by the Israeli Amit Klatchko, announced the opening of their new representative office, Praxis Technology LLC, in the heart of Dubai's Business Bay. According to their press release, Praxis has grown exponentially over the past few years. Thus, their new office with experienced professionals would be the next step to catering to a growing global base of clients.

PayTechs

November 13, 2022

Twitter Registered As A Money Services Business With FinCEN!

Times could hardly be more turbulent. Elon Musk's $44 billion takeover of Twitter has sent the global tech and media scene into a tizzy. Then there was the bankruptcy of Sam Bankman-Fried's crypto exchange FTX, which sent the crypto scene into an ice age. Now it is announced that Twitter has registered with the U.S. FinCen as a Money Service Business (MSB). Rumor has it that Musk wants to enrich Twitter with a payment function, transforming it into profitability.

PayTechs

November 4, 2022

Cyprus PayTech Praxis Announced New Features

The Cyprus-based PayTech Praxis Tech Ltd of Amit Klatchko announced new and improved features to its product offering with enhanced verification and bulk action features. The new features include a bulk action feature, an improved verification feature, multiple selections of customer profiles, and new currencies and countries added to the Praxis dashboard. Praxis also added new currencies and countries to the dashboard.

October 4, 2022

Merchant Warning: PayStudio Is Another Scam Facilitating Payment Processor Of Ruchi Rathor!

We have recently found at soltechX broker scam PayStudio as a payment processor for credit and debit card deposits. The operator is Synopsis Success LDA in Portugal with an address where the high-risk payment processor CryptoMatix by Ruchi Rathor is located. Currently, Rathor and her British-Indian gang apparently run their payment processors through companies in Portugal. Chestnut Investments Lda, the parent company behind the Danish OpenUp is also based in Portugal.

September 30, 2022

The BridgerPay Discussion! Ran Cohen Refuses To Accept Responsibility To Prevent Scams!

We've heard for years from BridgerPay founder Ran Cohen and other operators of unregulated payment gateways and payment processors that they didn't need to adhere to any regulatory requirements. Cohen recently argued again on Facebook that only PCI regulations would apply to BridgerPay. This is simply false. In all jurisdictions, we know of, facilitating criminal activity intentionally or negligently is punishable by law for any person or organization regardless of regulatory provisions.

PayTechs

September 28, 2022

The BridgerPay Attack On CyberFinance Rating Agency PayRate42!

FinTelegram has been active as a financial intelligence platform for about four years, specializing primarily in investor protection and financial cybercrime. Since FinTelegram's inception, Ran Cohen's Israeli-Cypriot payment platform provider BridgerPay has come to light as a facilitator in dozens of scams. The CyberFinance rating agency PayRate42 also placed BridgerPay on its Red Compliance list. And was berated and defamed by Cohen in a Facebook post for doing so.

September 19, 2022

BridgerPay Connections – A Free Search Engine For Merchants To Find Payment Processors!

Israeli-Cypriot payment orchestrator BridgerPay launched Bridger Connections, a free search engine for merchants to help them find the perfect payment processors for their businesses. The search engine includes many but not all providers we know of. Some of them are already integrated into the BridgerPay gateway and some of them are built on demand where BridgerPay offers to put the merchants in contact with the payment processors. An introductory webinar will be held on September 29, 2022.

September 4, 2022

NAGA Group Launches Crypto-Based Visa Card

Listed NAGA Group announced that it is launching a VISA-approved card program in partnership with Solaris Group and its UK and Lithuanian-regulated Contis Group through its NAGA Pay scheme. As with other such crypto cards or, for example, Binance, NAGA users will be able to spend both fiat and crypto in real-time at the point of sale. The NAGA Pay app will unlock the "Pay with Crypto" feature for all customers in the app stores on 7 Sept 2022, the company said. NAGA Group recently announced that its 2020 and 2021 financials would not be accurate because of an error by auditor EY.

PayTechs

August 18, 2022

Leading Cyprus Paytech Praxis Partners With iGaming Pioneer Softswiss!

The Cyprus-based paytech Praxis Tech announced a partnership with the igaming software giant, Softswiss, which provides its clients a full-service infrastructure, including payment processing. As an omnichannel gateway provider, Praxis Tech offers Softswiss and its more than 300 clients a vast portfolio of PSPs and cashier opportunities. The partnership enables Softswiss to expand globally as the Praxis payment solutions allow it to address the requirements of different jurisdictions.

June 26, 2022

Losing Value! London-based PayTech SumUp Raises $624 Million At $8.5 Billion Valuation!

Despite recession fears and the FinTech cool-off, the 10-year-old London-based PayTech SumUp (website) has secured $624 million in new funding round at an $8.5B valuation, a significant drop from its $22B valuation earlier this year. However, it is still an impressive transaction in times of cautious VC investors bringing the company's total financing volume to $1.6B. SumUp serves more than 4 million merchants in 35 markets worldwide. Marc-Alexander Christ and his friends founded the PayTech in 2012.