Whistleblower Request – High-Risk Payment Processor SumoPay!

Whistleblower request for high-risk processor SumoPay
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Whistleblower Credits: We would like to thank our whistleblowers for their reports and insights, which help us expose scammers and their payment processors. Together we can make a difference in cyberspace. Together we are an invincible force.

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.

Key Data

Trading nameSumoPay
Business activityHigh-risk payment processor for
Japan and South Korea
Legal entitySumoPay Co Ltd (not found)
JurisdictionUnited Kingdom
Related individualKevin Ring (US)
Related entitiesAnimeX Co. Ltd, Famiike Co Ltd,
STA Group Co Ltd
PayRate42 profilelink to profile

Short Narrative

SumoPay‘s website states SumoPay Co Ltd, based in Kent, United Kingdom, as the operator. However, we have not been able to find this company in the UK Companies House.

SumoPay does not provide links to social media accounts of involved persons on its website. This is quite common for the high-risk payment sector unless they work with fake profiles like the iPayTotal Group with OpenUp.Finance, Paypound, Payomatix, or Hawex.

SumoPay is focused on online gambling and sports betting and claims on its website that 145 million transactions are made daily through its payment gateway API. In addition to credit and debit cards, bank transfers are also offered to merchants as a payment option.

Whistleblowers have told us that consumer payments to Asian gaming platforms appear to be manipulated (recoded) and presented as payments for consumer goods. Recoding or relabeling high-risk payment processes is a well-known (and illegal) approach. It is called transactional money laundering.

The company’s CEO is Kevin Ring, a US citizen based in New York.

Share Information

We want to know more about SumoPay, its operators, and its partners. If you have any information, please share it with us through our whistleblower system, Whistle42.

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