KogoPAY and iDenfy expand partnership
22 March 2021 16:48 GMT

Identity verification services provider iDenfy and payment services app KogoPAY have  formed a partnership that will enhance customer experiences in both areas.

"We're thrilled to work with KogoPAY," said Domantas Ciulde, Chief Executive Officer at iDenfy. "The solution is an impressive resource for customers of all kinds who want to transfer funds from one wallet to another using multiple currencies."

iDenfy reduces fraud to create smoother workflows and profitability opportunities by helping businesses of all sizes comply with anti-money laundering (AML), Know Your Customer (KYC), and electronic identity verification (eIDV) requirements.

As more consumers and businesses turn to online transactions to complete purchases, deposit money, or transfer currencies, these comprehensive identity verification services ensure regulatory compliance.

"We are delighted to have partnered with iDenfy, with its excellent solution for identity verification," said Dr Narisa Chauvidul-Aw, Chief Executive Officer and Founder of KogoPAY. "iDenfy's solutions support our robust offering in wallet-to-wallet payments and foreign exchange, reinforcing our commitment to secure payments and currency transfers across the globe."

KogoPAY enables consumers to send and receive money in multiple currencies, either locally or worldwide. The app uses QR codes to allow consumers to pay merchants, donate to charity, or become involved in community projects.

The partnership with iDenfy allows KogoPAY to create a secure and safe payment system with high-level identity verification tools. Instead of using a simple PIN, iDenfy uses the latest artificial intelligence and biometric technologies to build a trusted environment while reducing onboarding costs.

 

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