Tag: Papel FX

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!

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

High-risk payment processors Ben - November 28, 2021

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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