Tag: David Clark

Update On Papel Group And FCA-Regulated Monitox

Crypto tamir - June 13, 2023

In November 2021, FinTelegram issued a Request 4 Information regarding the Cyprus Papel Group. At the time, Papel operated as an online marketing company. In early 2022, the Papel.com reappeared as a payment processor operated by the Lithuanian E-Money Institution TBF FINANCE UAB of Artiom Saltanov. Since a few months, Papel is a Turkish payment scheme, operated by the Turkish E-Money Institution Papel Elektronik Para ve Ödeme Hizmetleri A.Ş. Here is the update!

Payment Processors: Introducing The New Papel Group With Monitox!

Bank of Lithuania Ben - January 4, 2023

In November 2021, FinTelegram issued a Request 4 Information regarding the Cyprus Papel Group. At the time, Papel, which operates as an online marketing company, had also come to our attention as an unauthorized payment processor. Early 2022, the Papel.com website disappeared and then reappeared as a payment processor with a license from the Bank of Lithuania. The new Papel is operated by TBF FINANCE, UAB of Artiom Saltanov. Associated with Papel Group is also Monitox Ltd, regulated by the UK FCA as an e-Money Institution. Here is an update.

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