Wallex and iPiD: Fortifying Security in Digital Payments

The importance of secure and efficient payment infrastructures cannot be overstated in a rapidly evolving financial landscape dominated by digital payments. As traditional cash transactions dwindle in relevance, the need for robust and user-friendly solutions has never been more critical. In response to this demand, a strategic partnership has emerged between two prominent players in the financial sector: Wallex and iPiD. This collaboration aims to revolutionise the customer payment experience by enhancing security and providing comprehensive user verification and fraud prevention solutions.

Wallex’s Commitment to Customer Excellence

Hiro Kiga, the Co-Founder and CEO of Wallex, has emphasised their commitment to delivering greater speed, support, and savings to their customers. Through their partnership with iPiD, Wallex seeks to provide increased security via beneficiary validation solutions, enabling users to engage in cross-border payments with enhanced confidence and peace of mind. This strategic alliance reflects the shared vision of both companies to prioritise customer security and convenience.

iPiD’s Vision for a Secure Cross-Border Payment Experience

Damien Dugauquier, Co-founder and CEO of iPiD, echoes this sentiment, expressing excitement about their collaboration with Wallex. iPiD focuses on offering a reliable and secure cross-border payment experience for Wallex’s customers. Leveraging iPiD’s receiver identity verification features, Wallex customers can rest assured that their payments are directed to the correct accounts, further bolstering trust in the payment process.

Empowering Cross-Border Payments with iPiD’s Solutions

iPiD, founded in 2021, operates to simplify cross-border payments, making them more accessible and secure. The company collaborates with various financial services providers, including banks, payment systems, fintechs, and wallets, to offer an addressing data platform that enhances the overall payment journey. iPiD’s suite includes two critical solutions, Validate and Fetch. Validate, an API service, seamlessly integrates with a company’s payment systems to ensure that payments reach their intended recipients accurately and in real-time. This solution verifies payee names and bank account details and is pivotal in reducing fraudulent activities, particularly authorised push payments (APP) fraud. By prioritising data security and adhering to localisation requirements, iPiD maintains a no-data storage policy and employs a decentralised model, ensuring the privacy and security of all transactions.

Expanding Horizons: Wallex and iPiD’s Global Reach.

The partnership between Wallex and iPiD represents a significant milestone in the financial industry. It expands Wallex’s reach and grants its users access to payee verification services when making instant payments globally. The reach of this collaboration extends to countries such as India, Pakistan, China, the UK, Indonesia, Nepal, and more. As Hiro Kiga, Wallex’s Co-Founder and CEO, affirms, this partnership empowers them to provide users with greater security, ultimately enabling them to conduct cross-border payments with increased confidence and peace of mind.

Driving Innovation in the Financial Industry

Both companies are enthusiastic about this partnership’s potential for driving innovation and growth in the financial industry. Damien Dugauquier, Co-founder and CEO of iPiD is confident that their receiver identity verification features will instil greater confidence in Wallex’s customers when making payments, knowing that their funds are directed to the intended recipients.

Conclusion: Shaping the Future of Cross-Border Payments

In conclusion, the collaboration between Wallex and iPiD is poised to shape the future of cross-border payments, placing security and user verification at the forefront. With an unwavering commitment to delivering enhanced customer experiences, these two financial leaders are well-positioned to drive positive change and innovation in the financial industry. Stay tuned for more updates on the transformative impact of this partnership in the realm of global finance.