OMNO
Key Data
- Trading Name: OMNO
- Legal Entity: not given
- Activities: Payment Aggregator Platform
- Location: Tbilisi, Georgia
- Regulations: unregulated
- Key People: Kakha (Vakhtang) Gelashvili
OMNO is a platform designed to streamline online payment processing by aggregating various Payment Service Providers (PSPs) into a single system.
Offering
OMNO offers a unified payment processing solution by consolidating multiple Payment Service Providers (PSPs) into one system. This platform aims to enhance transaction success rates, provide real-time analytics, and simplify payment integrations.
Key features include:
- centralized management
- customizable reporting
- customer profiling, and fraud prevention tools.
OMNO also focuses on providing a dynamic dashboard for business insights and ensuring secure, PCI DSS-compliant transactions.
Regulation
OMNO is not regulated by any major financial authority, which is concerning. This lack of oversight can expose users to increased risks regarding transaction security and operational integrity. Regulatory oversight is essential for ensuring strict standards for security and customer protection, and its absence can undermine trust and reliability in the platform. Potential users should carefully consider these risks when evaluating OMNO for their payment processing needs.
Legal Entity
The OMNO website does not provide easily accessible information regarding the company’s legal entity, such as an imprint or commercial register details, on the main page.
People
Kakha (Vakhtang) Gelashvili, CEO of Omno
He co-founded PAYZE, a fintech startup aimed at simplifying payment processes for businesses in Georgia and beyond. PAYZE has been instrumental in driving digital payment solutions and improving financial inclusivity in the region.
Customer Review
There are no customer reviews available online, making it difficult to gauge user satisfaction and trustworthiness. This lack of feedback and regulatory oversight raises potential risks regarding transaction security and overall reliability. Potential users should carefully consider these factors when evaluating OMNO for their payment processing needs.
Conclusion
After thorough evaluation, we are assigning OMNO a red rating. This decision is primarily based on two critical factors:
1. Lack of Customer Reviews: There is a notable absence of comprehensive customer reviews on major platforms, which raises concerns about the company’s widespread acceptance and reliability. While a few positive reviews exist, they are insufficient to establish a robust track record.
2. Insufficient Compliance Information: OMNO Payments has not provided detailed information regarding its compliance measures and the regulatory authorities overseeing its operations. This lack of transparency and documentation on regulatory adherence prevents a reliable assessment of the company’s trustworthiness and security standards.
Without extensive customer feedback and clear regulatory information, the risk for potential customers and partners remains too high.
Corrupt
I am extremely concerned about Omno’s role as a payment processor in connection with MyStake, an unlicensed and illegal online gambling operator in the UK.
Transactions linked to MyStake appeared on my statements under multiple merchant names, including Euflexqi, Inceunion, Stationp and Sttpro, and were processed using incorrect Merchant Category Codes (MCCs). This appears to have disguised gambling transactions as unrelated goods or services.
I hold clear supporting evidence, including browser history showing access to the MyStake website at the exact dates and times these payments were taken, directly contradicting the merchant descriptors used.
This misclassification appears to have:
• Circumvented UK credit card gambling blocks
• Bypassed responsible gambling safeguards
• Misrepresented the true nature of transactions
• Obscured the link to an illegal gambling operator
This is a serious compliance issue involving merchant due diligence, MCC accuracy, and payment transparency. I have formally requested refunds for these misclassified gambling transactions.
If this matter is not resolved promptly, I will escalate to card issuers, Visa/Mastercard compliance teams, the FCA, and the UK Gambling Commission.
I strongly urge Omno to address this publicly and take responsibility for its role in facilitating these transactions.