💣 Uncertain developments: former “payment provider of the year” GlobiancePay faces collapse allegations⁉️

💣 Uncertain developments: former “payment provider of the year” GlobiancePay faces collapse allegations⁉️
Available information increasingly points in that direction. Attempts to obtain comment from a representative of GlobiancePay have so far gone unanswered. Similarly, affected counterparties — most notably Affiliate Dragons(Kadkon Limited) — state that they have not received clear or substantive explanations regarding the situation.

🟣 In the case of Affiliate Dragons, the first withdrawal disruptions were reportedly identified in the summer of 2025. These issues did not resemble isolated processing delays or enhanced AML verification procedures. Instead, outgoing transactions began remaining indefinitely in IN_PROGRESS status without apparent justification. In one instance alone, approximately USD 164,000 was reportedly frozen.

🟣 Within the GlobiancePay user interface, the affected transactions appeared as active rather than rejected. Publicly, the company continues operating without issuing formal statements addressing the reported concerns. Operationally, deposits appear to be processed, while withdrawals are allegedly not being executed — a pattern often viewed as a material red flag in payment services risk assessment.

🟣 Kadkon further examined account access across other domains within the Globiance ecosystem and identified that identical credentials enabled login to v3.globiance.com, a domain presented as a cryptocurrency-related product. The operational or corporate relationship between these systems has not been clarified.

🟣 GlobiancePay describes itself as an international payment services provider with more than 150 employees and headquarters in Prague 🇨🇿. However, initial signals of potential contractual non-performance reportedly surfaced toward the end of 2024. Subsequently, in April 2025, the Monetary Authority of Singapore (MAS) 🇸🇬 added the company to its Investor Alert List of unlicensed entities, further intensifying regulatory scrutiny.

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