New Listing on PayRate42: Sureswipe E.M.I. PLC Operating as Revsto

PayRate42 has conducted an in-depth analysis and listing of Sureswipe E.M.I. PLC, which operates under the brand name Revsto. As a prominent entity in the e-money sector authorized by the Central Bank of Cyprus, Sureswipe's advanced business model includes licensing and utilizing brands such as OKTO, CASHlib, and ByPin. The analysis reveals critical insights into the company's operations, market strategy, and financial transparency.

Brand Licensing and Market Strategy

OKTO: By licensing the OKTO brand, Sureswipe leverages an established name in the fintech and e-money sector. The regulatory oversight provided by Sureswipe ensures that services under the OKTO brand adhere to high standards of security and reliability.

CASHlib and ByPin: These voucher solutions are primarily used in the online gaming and betting sector. Sureswipe licenses these high-risk payment brands from Berry Solutions Ltd in Malta, diversifying its product offerings to cater to the high-risk payment sector.

Although the company is based in Cyprus, it essentially operates as a Greek payment transaction project, founded by Greeks, aiming to expand its market presence and service offerings in high-risk sectors.

Financial Transparency and Viability

Sureswipe does not disclose information regarding its financing or financial position on its website. As a private company, it is not obliged to do so. Consequently, there is uncertainty regarding whether the company is sufficiently financed to support its extensive activities and associated risks in the long term.

Regulatory Compliance and Authorization

Sureswipe E.M.I. PLC operates under the authorization of the Central Bank of Cyprus, adhering to the Electronic Money Law of 2012. The company's complex business model involves working with E-Money Distributors (EMD) and, in some cases, licensing brands and domains from them. Through these EMDs, Sureswipe targets high-risk sectors, such as online gaming, via their respective brands. Essentially, some licensors, also registered as EMDs, operate under the Sureswipe license umbrella.

Client Reviews and Online Presence

Operating as Revsto, Sureswipe currently has no ratings or reviews on Trustpilot or other review platforms. Additionally, the Revsto website (Revsto.com) receives minimal visitor traffic, preventing any concrete statements about customer satisfaction. This lack of transparency and feedback raises concerns about the company's market presence and customer trust, marked as an orange flag.

Rating Conclusion

From a compliance perspective, Sureswipe E.M.I. PLC's business model of licensing and utilizing multiple brands is complex and opaque, which raises several concerns:

Complex and Opaque Business Model: Orange Flag.
Engagement in High-Risk Sector: Without clear disclosure on its website, another Orange Flag.
Financial Transparency: Lack of reliable information about Revsto's financing and financial situation results in an additional Orange Flag.
Given these concerns, PayRate42 has placed Revsto on the Orange Compliance List and Orange Risk List. Merchants and stakeholders are advised to exercise caution when engaging with Sureswipe E.M.I. PLC and its associated brands.

For further information, visit:
www.payrate42.com/listings/revsto/

8 The Green
19901 City of Dover
Delaware
United States

PayRate42 is a rating agency specializing in payment processors. Our main goal is to protect merchants and consumers by providing transparency through the evaluation and rating of financial service providers. High-Risk Payment Processors (HRPP) operating outside the established regulatory framework are our primary focus.

This release was published on openPR.