Information on the activities of WellxPay / PaybyBd / Kodapay.co and related parties

Dear Sir/Madam,

Inter Shield Foundation, an organization working in the field of information security and financial risk monitoring, reports the identification of an organized group operating under the guise of pseudo-financial aggregators. Since 2023, members of this group have been engaged in fraudulent activities under the names WellxPay, PaybyBd, and currently — Kodapay.co.

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1️⃣ WellxPay — a fake payment operator

In February 2024, the portal Prothom Alo reported on the company WellxPay (or WillxPay), which publicly claimed:

• To have a PSO license from Bangladesh Bank;
• To cooperate with bKash;
• To be associated with Sonia Bashir Kabir.

All these claims were refuted:

• Bangladesh Bank confirmed that WellxPay does not hold a PSO license.
• bKash denied any cooperation with this organization.
• Sonia Bashir Kabir publicly stated that her name was used without permission.
  Source: Prothom Alo
  Video: YouTube

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2️⃣ Structure and connections to other projects

• The WellxPay website was built on WordPress (Elementor templates) and hosted on AWS in India.
• The legal entity WellxPay Limited is registered in the UK. Among its participants:
  • Md Rafy Hossain (Bangladesh)
  • Jibondip Sarkar (India, also linked to ZuelPay)
  • Alain Rafy (Singapore)
  • John Le Plat (Canada)

After WellxPay was exposed, the project participants moved their activities to a new platform — PaybyBd:

• paybybd.com
• auth.darazpay.com/bd
• dbm5.darazpay.com
• LinkedIn

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3️⃣ Current activity — Kodapay.co

Currently, the mentioned individuals are operating under the brand Kodapay.co.

Other brands used by this group include:

• zigowallet.com
• IPNPayment
• SafeCommerz
• Pay2BD
• PaySafeBD

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4️⃣ Evidence of affiliation on Telegram

In the Telegram group BanglaPay Discuss (@banglapay_official, activity started on 25.06.2025), the first message was posted by @haque000, who then invited @Bussines_kodapay to the group, clearly indicating their close connection.

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5️⃣ Suspected support from MFS employees

There is reason to believe that certain employees of bKash and Nagad may have unofficially supported the aforementioned individuals by ensuring uninterrupted operation of their accounts, despite clear signs of money laundering activities.

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Inter Shield Foundation continues to monitor this situation and has prepared all materials for submission to the relevant national and international authorities.