British-Indian high-risk payment processor

Key Data

  • Trading Name: Paypound
  • Legal Entity: Paypound Ltd
  • Activities: unregistered high-risk payment processor
  • Location: United Kingdom
  • Regulations: unregistered
  • Key People: Amaranatha Puttana

Paypound is an unregistered high-risk payment processor said to be a successor of the vanished iPayTotal Group and OctaPay. They have been notorious facilitators of scams and cybercrime ventures. Paypound is a shabby payment processor with changing legal entities and people. Some companies have already disappeared, as with iPayTotal or OctaPay.


Their service includes:

The dissolved operator

Paypound ( used to be operated by Paypound Ltd and its subsidiary Paypound LDA. At least, that’s what the Privacy Policy says (as of August 28, 2021). The truth, however, is that Paypount Ltd, a UK-registered company controlled by the Indian citizen Amaranatha “Amar” Puttana, was already dissolved in 2019 via compulsory strike-off.

The Indian IT entrepreneur Puttana used to be the director of Quidpay Limited, another company dissolved via compulsory strike-off in 2019. According to its website, Quidpay ( operates in Nigeria. However, its website is not working correctly.

The other operators

Since October 2021, the Paypound website has stated SELF PAY IO LTD, registered in the UK Companies House with company number 13545186 as the operating entity. Since Sept 2021, the company’s director is the Panamanian Ana Raquel Ortega Arauz, listed in OpenCorporates as a director in a dozen other companies.

The beneficial owner of SELF PAY IO is listed as Next Ring Llc, registered in the Islands of Nevis in the Caribbean Sea. The Paypound website also lists Next Ring as the contact.

As an acquirer, Paypound uses OPay Digital Services Limited d/b/a OPay, licensed by the Central Bank of Nigeria, according to the information we have.


Given its dubious ownership structure and the rumored proximity to the iPayTotal Group, we include Paypound in our Black Compliance Light list.

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