Tag: SumoPay

In early August 2022, we issued a whistleblower request regarding the high-risk payment processor SumoPay founded by the US citizen Kevin Ring. After our initial request, the website with the domain www.sumopay.io vanished. Still online is www.sumopay.org. The payment processor specializes in (illegal) online gambling sites in Asia and processes their payments for fake merchants. Whistleblower exposed Futures Inc. (https://futures-inc.co.jp) as one of these fake merchants. We would like to know more.

FinTelegram readers know that in our research and reporting, we emphasize high-risk payment processors that, unfortunately, very often act as facilitators of cybercrime organizations and their illegal activities. For this reason, we also founded the cyberfinance rating agency PayRate42 together with partners a few months ago with the mission to list, review, and rate them. Today we would like to know more about the high-risk payment processor SumoPay operating in Asia.