Tag: Maksim Asanov

Turkish payment processor Papel and its networkU
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June 13, 2023

Update On Papel Group And FCA-Regulated Monitox

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!
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The new Papel group with MonitoxP
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January 4, 2023

Payment Processors: Introducing The New Papel Group With Monitox!

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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Request 4 Information high-risk payment processor PapelR
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November 28, 2021

R4I – Let us know more about high-risk payment processor Papel

We are constantly looking for undiscovered payment processors to add to our digital map in this area. We have a particular focus on the high-risk payment segment, which plays a pivotal role for high-risk and dark-side business models. In Cyprus, besides BridgerPay, Praxis Cashier, and various white-label solutions, Papel (CY) Marketing Services Ltd d/b/a Papel (www.papel.com) is offering its payment services. This one has not come to our attention until today. Therefore, we would like to know more.
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