Key Data

• Trading Name: Opal
• Legal Entities: Opal Fintech Pte Ltd, Kanz Remit Pte Ltd
  
• Activities: high-risk payment processor
  
• Location: Singapore
  
• Regulations: Major Payment Institution license No. PS20200221 issued by the Monetary Authority of Singapore (“MAS”)
• Key People: Guy Yuval, Zvi Appel
  

The Offering

Opal offers a range of services for merchants. This ranges from cross-border money transfers to multi-currency accounts and buy-now-pay-later solutions. The website does not provide prices; these have to be requested.

Conclusion

Opal is registered with the MAS. The website does not provide any information about the operators and does not have any links to social media accounts. In addition, there are rumors that Israeli lawyer Guy Yuval is one of the beneficial owners. The was most recently involved in a lawsuit case around fraud and money laundering. We therefore put Opal on our Orange Compliance List.