R4I – The high-risk payment processor network around EcommPay!

Payment processors are at the very center of FinTelegram’s attention. Especially those in the high-risk segment such as online gambling, adult business, ticketing, or online trading. Our readers know this. In this context, we have also recently co-founded PayCom42 (www.paycom42.com) together with partners, which systematically collects and evaluates payment processors. Recently, we have received interesting information about the high-risk processor ECommPay group active with regulated entities in the UK and Cyprus. We would like to know more.

Key data

What we know!

A whistleblower has sent us a comprehensive expose, which we have reviewed. It shows that ECommBX, regulated by the Central Bank of Cyprus as an e-Money Institute (EMI), is also part of the ECommPay group of companies. ECommPay Holding Ltd in Cyprus is also the controlling shareholder of ECommPay Limited, an authorized payment institution regulated by the UK FCA with the reference number 607597. According to the Companies House, the controlling person is the Latvian Aleksejs Sjarki (pictured left), who also acts as a director in these companies.

ECommPay has both a branch in Cyprus and the separate legal entity ECommPay Ltd. All companies in Cyprus are located in Alpha Business Centre and share offices and staff there. ECommBX operates its platform ECommBanx (www.ecommbx.com), which does not inform that it is part of the ECommPay group.

We learned that the high-risk processor ECommPay is a global network of companies and roots in Russia. The CEO of ECommPay in Moscow is Xenia Viktorovna Kuryshkina, who is also active in other group companies.

Russian entities of the group include, for example, LLC KPR or LLC EKP IT. The registrant of the domain www.ecommpay.com is the Russian Artem Laskov. The ECcommPay group also includes Accentpay Limited, registered in Hong Kong, which has appeared as a payment processor in Forex broker schemes such as Forex Optimum and the online gaming area. The website went offline some time ago.

Paymantix (www.paymantix.com) is another payment processor in the ECommPay group that vanished some time ago. Its CEO used to be Xenia Viktorovna Kuryshkina.

Share information

We would like to know more about the network of high-risk payment processors around ECommPay. If you have any information, please share it with us through our whistleblower system, Whistle42.