German-Cyprus Payabl: The Leading Porn Payment Processor?
A recent report from FinanceFWD, an online financial magazine, examined the porn industry clients of the now-collapsed German high-risk payment processor Wirecard. For years, Wirecard facilitated payments for MindGeek, the company behind major adult websites like PornHub and YouPorn.
Today, former Wirecard executives Dietmar Knoechelmann and Ruediger Trautmann have positioned their German-Cyprus Payabl Group as one of the leading payment processors for the adult industry, according to Similarweb analytics.
From Wirecard and PowerCash21 to Payabl
The Payabl Group
Payabl is a payment institution regulated by the Central Bank of Cyprus and operates as a principal member of VISA and MasterCard.
According to Similarweb statistics (November 3, 2022):
📌 Approximately 300,000 visitors accessed Payabl’s website in the past 28 days.
📌 Over 52% of traffic originated from major adult platforms such as:
- xHamster (www.xhamster.com)
- xHamsterLive (www.xhamsterlive.com)
- StripChat (www.stripchat.com)
📌 These sites, which specialize in live cam services, are operated by Technius Ltd, a company registered in Cyprus.
Payabl’s Deep Ties to Porn, Forex, and Gambling
🚨 More than 62% of Payabl’s website visitors are referred from porn sites used for payment processing.
🚨 The remaining traffic originates from forex and gambling, both high-risk industries.
Additionally, Similarweb analytics show that:
📌 55%+ of Payabl’s website visitors come from Germany and Austria.
📌 These users are mainly referred from porn, forex, or gambling websites.
Share Your Information
We are investigating Payabl, its operators, and its business activities. If you have any relevant details, please share them through our whistleblower platform, Whistle42.
