Tag: Payabl

A Wise customer has accused the fintech of obscuring gambling-related card transactions by displaying Apple Pay or incomplete merchant information instead of the real payee, even though the transactions allegedly carried MCC 7995, the card-network code for gambling. The customer has already escalated the matter to the FCA and the Financial Ombudsman Service. FinTelegram has reviewed substantial material and sees a serious contradiction worth investigating:.

FinTelegram’s review of GoldenBet shows a diversified payment architecture around the Santeda Group: card deposits evidenced through Payabl, wallet deposits showing Santeda International Limited as beneficiary via MiFinity, and an Open Banking rail through Bilderlings → Yapily Connect → Revolut’s Open Banking API. This is no longer a single-PSP complaint story. It is a Rail Atlas case study in how offshore casino operators maintain EU-facing payment continuity

A growing body of indicators suggests that a cluster of outwardly separate online casino brands may be linked, directly or indirectly, to Zentoria Limited and a shared backend payments architecture. FinTelegram reviewed operator attributions, Irish licensing records, repeated payee clues, and live payment flows across multiple brands. The result is not yet a final legal attribution of the full network, but the hypothesis of a Zentoria-linked casino cluster has become increasingly plausible.

On 3 October 2025, the Central Bank of Cyprus (CBC) published an official announcement under the Prevention and Suppression of Money Laundering and Terrorist Financing Law 188(I)/2007, as amended.

Payabl’s Group CEO Ugne Buraciene has been shortlisted for the Merchant Payments Ecosystem (MPE) Influencer of the Year 2026 award. While the nomination highlights strategic positioning and platform integration claims, it also comes at a time when the company faces heightened public and legal attention in Cyprus.

Klarpay AG has officially rebranded as Bivial AG, marking a strategic pivot to expand its role as a global leader in financial solutions for digital businesses. The transformation reflects a shift from corporate payments to comprehensive treasury services, signaling the company’s ambition to redefine business finance in a digital-first era. Cyprus-based Payabl has financially backed Klarpay.

RoboMarkets Ltd is a CySEC-regulated broker d/b/a RoboMarkets. RoboForex is the scheme's offshore broker operated by RoboForex Ltd, Belize, regulated by FSC Belize. RoboForex offers its financial services in EEA jurisdictions without regulatory permission. In addition, we found that the broker's website receives a lot of traffic from Russia. We have added RoboForex to our Red Compliance list. Read our latest review.

XM is a CySEC-regulated broker and part of the Trading Point Group, which also runs the offshore broker schemes XMTrading and XMGlobal through offshore entities and TPS Management Limited in Cyprus. The group's offshore broker schemes receives most of its clients from Asian countries. While more than 99% of the XMTrading website visitors come from Japan, XMGlobal attracts visitors from Vietnam, Pakistan, and Uzbekistan. We have assigned the group an Orange Compliance rating.

It is no secret to our readers that we have and are following the activities of payment processors in the high-risk area on our radar screen. Payment processors are the backbone of the cyber economy and are even more critical in the high-risk area. We have recently discovered several new domains through which high-risk merchants handle payment processes. These are likely to be connected to Payabl. We would like to know more about it.

In Munich, Markus Braun, the former CEO of collapsed German fintech unicorn Wirecard, is fighting to prove his innocence to the court. Yesterday Thursday, he used a PowerPoint presentation to prove that the controversial third-party acquiring business in Asia existed. The prosecutors' crown witness Oliver Bellenhaus denied the existence of this business. The judge was skeptical; Braun could not answer important questions conclusively. Here is the FinTelegram update!

We brought our initial review for the TopFX broker scheme in Oct 2022. At that time, CySEC-regulated TopFX Ltd had been operating the two domains TopFX.com and Fondex.com. Since then, Fondex switched to the "offshore only" gear. Like the TopFX offshore mutation, Fondex is operated through TopFX Global Limited in Seychelles, which is registered as a securities dealer with the FSA Seychelles. The offshore mutations accept EEA residents and offer leverage up to 1:500. Here is our updated review.

Klarpay is a FINMA-regulated financial institution with offices in Cyprus. In Q1 2022, the Payabl Group led a seed...