Tag: yapily

A player communication reviewed by FinTelegram raises a serious compliance question for Revolut: did the fintech initially tell a customer that Mastercard chargebacks had been raised and finally decided, only to later admit that no chargebacks had been submitted at all? Against the backdrop of FinTelegram’s long-running investigations into illegal offshore casino payment rails, the case sharpens a broader issue.

Norway’s strict payment ban on unlicensed gambling is being quietly undermined by a new, layered payments stack. Using Revolut as an “entry wallet” and Payoro as a withdrawal hub, offshore casinos and their affiliates appear to have created a de facto alternative banking route for Norwegian players—far from the reach of domestic banks and regulators.

While Revolut proudly celebrates its new status as a licensed UK bank, FinTelegram’s compliance review reveals extensive, ongoing involvement in processing payments for unregulated DeFi brokers and offshore casinos, raising serious AML concerns.

Despite aggressive expansion into strictly regulated European and UK markets, LuckyWins operates entirely without legal authorization, hiding behind a Costa Rican shell. Our latest deposit tests reveal a highly sophisticated payment architecture where Tier-1 European financial institutions—including PPRO, Yapily, and MiFinity—are being weaponized to process illegal gambling funds via open banking exploits and "fake FIAT" crypto on-ramps.

BetAlice appears to be operating without visible operator disclosure while remaining accessible across multiple domains despite Italian blackouts on some URLs. Our payment-rail review found a familiar offshore-casino stack: ChainValley behind cashier-branded methods (including Skrill/NETELLER labels), and an multiy-layered open-banking route with Paradis Tech Ltd shown as payee and Yapily/Wise Open Banking references in the flow.

A Dutch player alleges deposits to an unlicensed casino (WinHero) were processed via Yapily’s Lithuanian payment-initiation entity and a third-party (Klyme). A leaked compliance email suggests Yapily pushed Klyme to blacklist the complaining user while requesting KYB/KYC details—raising hard questions about open-banking merchant controls, geo-fencing, and complaints handling.

The Dutch gambling regulator Kansspelautoriteit (KSA) has imposed a €4,228,000 administrative fine on Starscream Limited for offering illegal online gambling to Dutch players via Rantcasino, AllstarzCasino, and SugarCasino. The case underlines what FinTelegram has been documenting for months: these are not “minor violations,” but systematic breaches—and the payment stack enabling them is part of the risk surface.

Recent whistleblower reports and online investigative publications in January 2026 allege that SoftSwiss, through its Malta-licensed entity Stable Aggregator Limited (MGA/B2B/942/2022), operates as an unlicensed payment hub and money laundering facilitator for affiliated casino operators targeting prohibited jurisdictions. The allegations assert that SoftSwiss processes payments from unlicensed merchants.

In December 2025, FinTelegram flagged Contiant Ltd (Bulgaria) as a “technical” open-banking layer sitting in front of Yapily's PSD2 rails, enabling pay-by-bank deposits for offshore casino brands apparently offered into restricted markets. New traffic intelligence now points to a strong Benelux banking footprint—and to SkyHills as a dominant feeder into Contiant’s payment gateway.

FinTelegram has published an enhanced 28‑page Compliance Report on the open banking infrastructure provider Yapily operated by Yapily Connect Ltd (UK) and Yapily Connect UAB (Lithuania), analysing the company’s high‑profile partnership with Google and its problematic role as open‑banking infrastructure for illegal offshore casinos. The report is now available for professional download and will be updated quarterly.​

FinTelegram’s latest compliance analysis flags Contiant Ltd (Bulgaria) as a payment “technical service provider” (TSP) sitting in front of Yapily Connect UAB (licensed/authorized PSD2 rail), enabling account-to-account “pay-by-bank” deposits into offshore casino brands that appear to target restricted markets—most notably the Netherlands.

This report profiles Contiant Ltd, a Bulgaria-based payment processor that has emerged as a critical financial gateway for illegal offshore gambling operators. Our investigation confirms that Contiant acts as a "Technical Service Provider" (TSP), effectively piggybacking on the regulated open banking infrastructure of Yapily Connect UAB.