Radar / EMI
Papaya Ltd.
Not yet re-assessed
Our verdict
High risk (earlier rating)
Our earlier listing rated this provider as high risk. A full re-check is pending.
What should I do?
- Do not send money, card details or ID documents.
- If you already paid: contact your bank or card issuer at once and ask for a chargeback.
- Report the provider to your financial regulator or the police.
Based on public sources at the date of review. Not a finding that the company acted unlawfully; the company can respond below.
About
Papaya Ltd is a Malta-authorized Electronic Money Institution (EMI) powering the Blackcatcard ecosystem. While providing legitimate SEPA and card services, the firm has been flagged for systemic AML failures, leading to a major €279,756 FIAU fine in 2023. Links to sanctioned individuals (historic) and a focus on high-risk jurisdictions necessitate heightened merchant and counterparty scrutiny. R42 Risk Signal 🔴 Risk…
The full check
🪪LicenceLicensing & registrationNot checked yet
This part is checked automatically from public sources when the profile is re-checked.
👥Who owns itOwnership & controlNot checked yet
This part is checked automatically from public sources when the profile is re-checked.
🏦Where your money goesBanking & payment chainNot checked yet
This part is checked automatically from public sources when the profile is re-checked.
⚖️Regulator actionsRegulatory actionsNot checked yet
This part is checked automatically from public sources when the profile is re-checked.
📰News & reputationAdverse media & OSINTNot checked yet
This part is checked automatically from public sources when the profile is re-checked.
💬Customer experienceCustomer conductNot checked yet
This part is checked automatically from public sources when the profile is re-checked.
How we rate: methodology.
Similar providers
Version history
- 2026-10-21 Insufficient data Listed, not yet assessed
Are you Papaya Ltd.?
You can respond to this profile at any time, free of charge: send a statement for publication or ask us to correct a fact. Please include sources. We review every request and record the outcome.