Oasispay—a shadow fintech service quietly enabling illicit fund transfers from online gambling hubs. Now, a trusted group of white hat hackers has come forward with new findings, asking us to share the results of their research with the public.
Their digital forensic work confirms our earlier suspicions: Oasispay is not just another niche payment startup. Instead, it functions as a multilayered financial shell, deeply embedded in laundering operations tied to offshore gambling platforms.
The Scheme: Anonymous Transfers through Regional Banks
According to the white hat group, Oasispay works through partnerships—or rather, arrangements—with regional banks in CIS countries and parts of Southeast Asia. The system is designed to obscure transaction origins through a chain of pseudo-employment contracts, gift payments, and false merchant services.
Gambling revenues, primarily from online casino websites, are disguised as freelance payments or vendor settlements. Once inside the formal banking system, the funds are fragmented, forwarded to wallets under fake identities, and eventually cashed out locally or rerouted offshore.
Pakistan Connection: JazzCash Clones in the Shadows
While Oasispay does not officially operate in Pakistan, Telegram group chatter and private API snippets show active testing of integration with JazzCash-like clones. These copycat apps imitate the interface and behavior of Pakistan’s leading mobile wallet but operate entirely outside of regulatory oversight.
In several leaked developer logs, investigators found payment templates formatted specifically for these “JazzCash-alikes,” suggesting that Oasispay may soon expand its laundering channels into Pakistani territory through imitation platforms.
Deeper Than it Looks
What’s troubling is the ease with which Oasispay blends into the landscape of minor fintech providers. There are no public-facing licenses, company profiles, or verifiable teams—only API documents passed in closed developer communities and anonymous tech forums. These factors, combined with their avoidance of public scrutiny, make them an ideal tool for actors needing frictionless exits for grey or black capital.
A Call from the Ethical Hacking Community
The white hat group that provided this data urged regulators, financial institutions, and AML teams to take Oasispay seriously—not as a rogue payment service, but as a purpose-built laundering engine. Their suggestion: cross-reference any B2B payouts or freelancer payments involving unknown endpoints labeled “Oasispay” or its known processing aliases.
Conclusion: The Tip of the Iceberg
This is the second time our resource has addressed the questionable structure behind Oasispay. With mounting evidence and growing concern from cybersecurity professionals, it’s increasingly clear that what poses as fintech innovation is, in this case, a full-scale financial camouflage system.
We will continue to publish verified material provided by ethical hackers, researchers, and whistleblowers committed to transparency and financial integrity.