Smartpayz is a non-transparent payment orchestrator providing high-risk “shadow rails” for offshore casinos. Our investigation confirms that the entity lacks any verifiable corporate registration in the UK or EU, despite branding itself as a global gateway. It specializes in “Alternative Payment Methods” (APMs) and crypto-on-ramps for unlicensed brands like Ice Casino and Verde Casino. RatEx42 issues a Critical Risk signal due to ghost-branding and total regulatory avoidance.

R42 Risk Signal

• Traffic Light: ⚫ Critical Risk (Black)

• Confidence Grade: Confirmed (Failed Corporate Verification + Merchant Log Analysis)

• Rationale: Total corporate opacity; no verifiable legal entity matches the brand name in the UK or EU registers. Operates as a “permissionless” hub for transaction laundering in the iGaming sector.

Key Data Table

What the Company Does

Smartpayz provides a B2B payment interface that facilitates fiat-to-crypto and P2P bank transfer on-ramping. It serves as a “buffer” between the player’s bank and the offshore casino. By utilizing non-obvious payment descriptors, Smartpayz ensures that high-risk gambling deposits are successfully processed even when direct credit card gates are blocked.

Regulatory & Legal Framework

• Ghost Status: The platform operates without a verifiable corporate wrapper. This allows the operators to evade legal service, regulatory audits, and consumer restitution claims.

• Jurisdictional Hide-and-Seek: While the domain and marketing may suggest a Western presence, technical fingerprints point to operational hubs in India and Cyprus, specifically designed to avoid MiCA and FCA scrutiny.

Ownership, Founders, Executives

Anonymous. There are no public officers, directors, or UBOs (Ultimate Beneficial Owners) associated with the smartpayz.com domain. This is a characteristic of “Infrastructure-as-a-Service” for the gambling black market.

Corporate Structure & Related Entities

Smartpayz appears to be part of a broader network of “disposable” payment brands. It is technically linked to the payment stacks of the Galaktika N.V. casino network, acting as a specialized rail for their “gray market” traffic.

We identified the Polish VASP ChainValley as one of the partners of Smartpayz in the iGaming sector.

Products, Integrations & Technical Footprint

• Cascading Logic: Automatically redirects users from failed card payments to instant bank transfers (UPI, PIX, NetBanking).

• Static Wallet Integration: Provides crypto-settlement layers for casinos that do not have their own crypto infrastructure.

Merchant / Customer Footprint

Deeply integrated with the Verde Casino and Ice Casino payment flows. It is also a primary provider for offshore betting sites targeting the South Asian market.

Complaints, Allegations, Enforcement, Litigation

• Merchant Fraud: Allegations of “withheld settlements” due to the lack of a legal counterparty to sue.

• Transaction Masking: FinTelegram has documented cases where Smartpayz transactions were coded as “Software” or “Digital Consulting” to bypass bank filters.

Risk Factors & Red Flags

• Identity Deception: Claiming a UK identity that does not exist in the Companies House register.

• Lack of License: Operating a financial gateway without any recognizable financial permit.

• Search Confusion: Deliberately uses a name similar to the regulated brand “Payz” (PSI-Pay Ltd) to confuse compliance filters.

13) Merchant Due-Diligence Checklist

• [ ] Can the provider produce a current Certificate of Incumbency? (Result: NO).

• [ ] Is the bank account for settlement in the same name as the brand? (Result: NO).

• [ ] Does the “Checkout” URL match the brand domain? (Result: ALERT).

14) Evidence Box (References)

• [FinTelegram Intelligence: The Smartpayz Shadow Gateway Analysis]

• [RatEx42 Forensic Report: Tracking the Galaktika N.V. Payment Cascades]

• [WIPO: Trademark Filing 1894166 (Non-Corporate Proof)]

15) Update Log (Evergreen)

• Feb 2026: RatEx42 upgrades Smartpayz to Black (Critical Risk) following the failure to verify UK corporate status.

16) Call for Information (Whistle42)

Are you a developer who worked on the Smartpayz gateway? We are looking for the names of the parent entities behind the “ghost” front. Submit evidence anonymously at Whistle42.com.