PayPugs is the trading style of the UK-registered Paypugs Limited, an FCA-regulated PDS introducer controlled by the Latvian Aleksandrs Zelinskis. The Paypugs group works with regulated companies in the United Kingdom, the United States, and Canada.
PayPugs is the agent of the FCA-authorized EMI Paystree Ltd (PC42 profile), another Latvian payment processor.
The payment processor works in the high-risk segment with large clients such as BDSwiss, a CySEC-regulated investment firm.
Technically, Paypugs works with the Banking-as-a-Services (BAAS) solution of the Lithuanian Verified Payments UAB d/b/a Verifo (PC42 profile).