The two innovative companies in their respective sectors announce to work together to help people (who make payments or transfer money through mobile phones) comply with government directives, concerning identity verification.
Kaunas, Lithuania (August 05, 2020)
iDenfy, identity verification company in Lithuania announces partnership with mPay, a leading Polish supplier of m-payment solutions.
mPay, a leading Polish mobile payment service provider, is the owner of mPay, a mobile financial service app that allows users to pay for public transport and parking, top-up their phones, make quick transfers between users, and much more, with just a few taps on their smartphones. The partnership aims to help mPay conduct identity verification of their users and comply with new government directives.
Due to the rise in online payment-related scams, money laundering, and other financial crimes, the Polish government has recently made it essential for all financial services providers to comply with KYC guidelines and other related regulations.
iDenfy will offer mPay a real-time identity verification solution and help them meet all compliance requirements.
Both companies believe that this partnership will leave a positive impact on the overall mobile payment market in the country. iDenfy, with its artificial intelligence-enabled identity verification solution, will help mPay minimize online payment frauds, and provide a secure environment to their users.
Domantas Ciulde, the CEO of iDenfy, says, “We’re thrilled to enter into the Polish market, and our partnership with mPay will bring a positive change in the Polish mobile payment sector”.
Krzysztof Hejduk, the CEO of mPay S.A., says, “The overarching goal of our business development strategy is to make the lives of our app users as comfortable as possible. We constantly strive to ensure that our customers are able to use the most innovative solutions at every stage of the service process to save time and increase convenience. We are pleased that, thanks to our cooperation with iDenfy, mPay is now the first app on the Polish market to use identity verification with a selfie – a functionality until now only available to bank customers”.
iDenfy promises to provide mPay with a complete ID document verification solution, ranging from data scanning to face recognition to surface analysis.
iDenfy is a well-known identity verification company offering its services to individuals and businesses in 200 countries. The company is committed to providing advanced identity verification solutions, including facial recognition, liveness detection, AML compliance, and more.
iDenfy was founded by two childhood friends, Domantas Čiuldė and Gediminas Ratkevičius in the late summer of 2016 who observed the rise of increasing online fraudulent activities in payments.
The two then decided to start a company to help businesses prevent identity theft and online fraud. This is what iDeny is doing today.
iDenfy has earned a lot of recognition and trust in the industry. In 2018, the company was awarded “Startup of the year.”
To know more about iDenfy, kindly visit www.idenfy.com.
For media-related inquiries, you may contact Viktorija Bielskaite, [email protected]
mPay S.A. is a leading Polish supplier of m-payment solutions. Established in 2003, the company designs and develops innovative instruments for making financial transactions with mobile devices. The company’s flagship product is mPay, a mobile app designed for paying for transport and parking, topping up the phone, online game or VOD accounts, and others. The company is a licensed payment service provider and a registered National Payment Institution (KIP). It is authorized to operate clearing accounts for clients and to issue payment instruments, including debit cards. mPay S.A. is a public company listed on the NewConnect market of the Warsaw Stock Exchange. One of the longest operating domestic providers of m-payment solutions, the company combines long experience with extensive expertise in the newest technologies.