The regulated Lithuanian-Israeli e-Money Institution GlobalNetInt (GNI) is doing business as payswix. This regulated high-risk payment processor used to be a notorious scam facilitator in the binary options, forex, CFD, and crypto segment. Moreover, payswix is serving the online gaming and gambling industry. payswix is part of the FCA-regulated Israeli MoneyNetInt Group.
payswix offers IBAN accounts for individuals and merchants, e-wallets, and prepaid cards. Additionally, payswix runs an Agency Program offering unregulated payment processors to work under its license.
|Social media||LinkedIn, Facebook, Twitter|
|Legal entity||GlobalNetint UAB (GNI)|
|Beneficial owners||Gil Trif, Israel Nissan Trif, Israel Yishay Moshe Trif, Israel Raphael Yehudah Golan, UK Liudvikas Kulikauskas, Lithuania|
|Director||Liudvikas Kulikauskas, CEO|
|Business activity||Payment services|
|Regulator||Bank of Lithuania Authorization code LB000434|
|Related with||MoneyNetInt Ltd, regulated by the UK FCA|
In 2020 and 2021, payswix had massive problems with money laundering and the systematic facilitation of broker scams and illegal gambling. Insiders have provided FinTelegram with information confirming these compliance issues. The compliance team at the time had left payswix; the Lithuanian law enforcement agencies investigated the situation. In June 2021, the Bank of Lithuania imposed a fine on paysxiw and a temporary restriction on its activities.
The company’s Lithuanian CEO, Liudvikas Kulikauskas, is also a GNI shareholder. He and his wife Egle Kulikauskiene used to run the payment processor Ifind MB d/b/a Findiban (www.findiban.com), which was positioned as a high-risk payment processor, offering businesses a range of financial services, including SEPA IBAN account, white-label FinTech services, or credit card processing. Upon FinTelegram reports, Findiban vanished.
payswix is part of the MoneyNetint Group (PC42 profile).