Onboarding regions

Walapay can onboard customers from most countries that are not sanctioned by OFAC.

Prohibited Countries & Regions

• Belarus
• Cuba
• Iran
• North Korea
• Russia
• Syria
• Regions of Ukraine: Crimea, Donetsk, and Luhansk
• States of the US: New York and Alaska

High-Risk Countries & Regions

Walapay makes case-by-case decisions for onboarding customers from high-risk countries and regions. If the combination of country and business profile is deemed high-risk, Walapay will not be able to onboard the customer. High-risk regions include:

• Algeria
• Albania
• Angola
• Bangladesh
• Barbados
• Cayman Islands
• Central African Republic
• China
• Democratic Republic of the Congo
• Eritrea
• Ethiopia
• Gaza Strip
• Gibraltar
• Haiti
• Iraq
• Jamaica
• Jordan
• Kenya
• Kosovo
• Lebanon
• Libya
• Mali
• Morocco
• Myanmar
• Nepal
• Nicaragua
• Niger
• Nigeria
• North Macedonia
• Pakistan
• Philippines
• Qatar
• Somalia
• South Africa
• South Sudan
• Sudan
• Uganda
• Venezuela
• West Bank (Palestinian Territory, Occupied)
• Yemen
• Zimbabwe

High-risk Industries

You must disclose the following activities during onboarding. Walapay makes case-by-case evaluations for businesses conducting the following activities.

• Money Services (i.e., check cashing, gift cards, ATMs, remittances)
• Lending or Banking
• Operate Foreign Exchange, Virtual Currencies Brokerage, or OTC
• Hold Client Funds (i.e., escrow)
• Investment Services
• Safe Deposit Box Rentals
• Marijuana or Related Services
• Tobacco or Nicotine Products
• Pharmaceuticals
• Third-Party Payment Processing
• Adult Entertainment
• Gambling

Prohibited Industries

Walapay cannot onboard businesses from the following industries:

• Unlawful or abusive activity
• Fraud
• Unlawful gambling
• Intellectual property infringement
• Investment or credit services
• Check cashing
• Bail bonds
• Collections agencies
• Counterfeit or unauthorized goods
• Drugs and drug paraphernalia (including pseudo pharmaceuticals)
• Substances designed to mimic illegal drugs
• Adult content and services
• Multi-level marketing
• Unfair, predatory or deceptive practices
• Digital asset exchange
• Undisclosed money services
• Undisclosed money transmission
• Precious metals/gems
• Weapons / firearms

Restricted Regions for Virtual Accounts

Walapay is not able to accommodate virtual bank accounts for consumers or businesses in the following countries and regions.