The Punisher: The Ultimate Payback! released in 1991 by Acclaim Entertainment is the Game Boy version of the 1990 NES game The Punisher about the Marvel comics vigilante Frank Castle, also known as the Punisher. It contains several changes from the original. It features cameo appearances of Spider-Man in the first level rescuing hostages and the final boss was switched from Kingpin to Jigsaw.

The player controls Frank Castle (the Punisher character) from an over-the-shoulder third-person perspective through various New York City locations, shooting thugs and battling enemies such as Hitman, Colonel Kliegg, Sijo Kanaka, and Assassin as bosses. The final boss is Jigsaw. Power-ups can be obtained by shooting them onscreen and include extra ammunition, a med kit, kevlar, a machine gun, a bazooka and grenades.