Both Organizations Team Up to Provide Improved Security for Payment Platforms.
Kaunas, Lithuania — [March, 22] Today, iDenfy, an identity verification service provider, announced it would be partnering with KogoPAY moving forward. The relationship allows KogoPAY, a mobile payment solution that supports wallet-to-wallet money transfers, to utilize iDenfy’s advanced identity verification solutions. KogoPAY users will encounter iDenfy’s ID-checking process when using the app, ensuring their experience with the mobile payment solution remains secure and hassle-free at all times. KogoPAY expects this improvement to make its overall operations smoother and faster, enhancing its capabilities and resulting in higher customer satisfaction.
Of the company partnership, iDenfy CEO Domantas Ciulde said, “We’re thrilled to work with KogoPAY. The solution is an impressive resource for customers of all kinds who want to transfer funds from one wallet to another using multiple currencies. We wanted to make this process more secure than ever through our identity verification services.”
Dr Narisa Chauvidul-Aw, Founder and Chief Executive of KogoPAY comments, “We are delighted to have partnered with iDenfy, with its excellent solution in identity verification. iDenfy’s solution supports our strong offering in wallet-to-wallet payments and foreign exchange, reinforcing our commitment to secure payments and currency transfers across the globe.”
Some of the major benefits expected to result from this partnership include:
- Ease of Use: iDenfy’s identity check is simple yet straightforward enough that customers know their valuable information remains safe at all times. KogoPAY expects its mobile solutions to become more convenient than ever thanks to its integration, allowing clients to access resources quickly while closely guarding against any suspicious activity.
- Knowledge Expansion: iDenfy has continued to partner with various businesses in multiple industries over the years. Besides being successful corporate ventures, these relationships offer iDenfy’s workforce the chance to expand its expertise regarding security features, customer expectations, management abilities and more.
- Upgraded Security: Information security is more vital than ever when it comes to financial services. Identity check gives an extra layer of security for KogoPAY. It detects fraudulent ID documents and prevents application fraud in real-time.
Upon release, KogoPAY will enable clients to send and receive money globally and locally using various currencies. Transactions may be conducted via QR Codes: a feature that will prove useful to community projects, charity events, small businesses and more. iDenfy’s integrated identity verification precautions let users fund their accounts with credit cards or bank transfers without worrying about their information safety.
KogoPAY is coming soon to the AppStore and Google Play. Learn more about the mobile payment solution at www.kogopay.com.
iDenfy’s goal is to turn a customer’s device into an ID scanning and face recognition system that makes it fast and easy to capture and verify their ID and other credentials to meet KYC and AML requirements. Real-time ID scanning and face verification are applied on websites and mobile applications, reducing risks and minimizing fraud for online transactions.
This structure enables customers to perform daily operations from their home instead of going to service centers, where a company needs many employees which is not cost-effective. Also, it avoids the costly and time-consuming process of manual documentation required for submission and verification.
Founded in 2017 at Kaunas University Technology Park by two childhood friends, iDenfy was awarded Startup of the Year in Lithuania in 2018 and in 2020 won the Fintech Startup Of The Year Award. iDenfy provides real-time identity verification services for financial, sharing-economy, gaming industries.
For more information and business inquiries, please visit www.idenfy.com.
For media inquiries, please contact Viktorija Bielskaite at [email protected].
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