Key Data

• Trading Name: Kopayment
• Legal Entity: Wulianwang Technology Pte. Ltd.
• Activities: high-risk payment processor
  
• Location: Singapore
• Authorization: No (applied for MAS license)
• Key People: Jacob Yasha Polyakov and Ilia Goldman (founders)

Kopayment has applied for a license under the Singapore Payment Service Act (“PS Act 2019”) with the Monetary Authority (MAS) of Singapore. During the statutory transition period, Kopayment allegedly is exempted from obtaining a license.

The company was founded in 2019 by the Israelis Jacob Yasha Polyakov (Linkedin) and Ilia Goldman (LinkedIn).

The Offering

KoPayment is a fintech company offering international money transfer solutions to allow businesses and individuals to send and receive payments globally. Their service includes:

• Bank transfers
• Bank accounts (including IBAN)
• Debit Cards

Conclusion

We have not found any complaints about Kopayment. The website provides all legal and regulatory information. Thus, we included the payment processor in our “Green Compliance” list.