The CyberFinance rating agency PayRate42, co-founded and supported by FinTelegram, has been systematically adding payment processors and FinTechs in its database for several months. The listed providers are checked and being given a compliance rating based on the traffic light system with green, orange and red. For the really bad and illegally acting PayTechs and FinTechs, PayRate42 has the black color. In a video, PayRate42 explains its system.
In addition to the traffic light system for the compliance rating, there is also a 5-star rating system with which customers or partners can rate the provider. Like Trustpilot, rated providers can claim their profile and thus co-moderate.
Currently, PayRat42 is still in an experimental launch phase.
