In a sweeping move to combat organized cybercrime, India’s Ministry of Home Affairs (MHA), through the Indian Cybercrime Coordination Center (I4C), has issued a stark warning about illegal payment gateways reportedly run by transnational cyber criminals. These illicit gateways—PeacePay, RTX Pay, PoccoPay, and RPPay—are allegedly being used as conduits for money laundering, utilizing mule bank accounts rented from shell companies and individuals.
The network is operated by foreign nationals and offers money laundering as a service, allowing criminal organizations to process and disguise illicit funds.
Recent nationwide raids by Gujarat (Indian State) and Andhra Pradesh (Indian State) police have uncovered a complex network of digital payment platforms linked to various cybercrimes, the Ministry of Home Affairs announced in a press statement.
These platforms exploit rented bank accounts—sourced through social media platforms like Telegram and Facebook—that belong to shell entities or individuals. “Current and saving accounts are scouted through social media, primarily from Telegram and Facebook,” the statement said, underlining the role of social media in recruiting mule accounts for illegal activities.
According to the Cybercrime Coordination Center, these mule accounts are often remotely controlled by overseas operatives who leverage them to process transactions for various fraudulent schemes. These range fr
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