Partnering for Secure and Compliant User Onboarding

QwikPay integrates iDenfy’s advanced identity verification and Anti-Money Laundering (AML) solutions to ensure secure and real-time user onboarding while maintaining compliance with Australia’s financial regulatory requirements.

The integration of iDenfy enables QwikPay to provide instant wallet-to-wallet transactions through its Scan to Pay app, supported by the region’s payment infrastructure, PayID, and PayTo. This app allows for fast, card-free payments by simply scanning a QR code.

Choosing iDenfy for Reliable Compliance

For reliable and cost-effective compliance, QwikPay selected iDenfy due to its global identity coverage, AI-driven biometric verification, and continuous AML screening capabilities. The solution is tailored to support end-to-end onboarding and risk management processes.

Simplifying Identity Verification

iDenfy’s solution quickly validates user identities through document analysis, facial recognition, and NFC chip reading. Users can complete the Know Your Customer (KYC) check by uploading a government-issued ID and taking a selfie. On average, this process takes about 30 seconds.

Boosting Efficiency and Growth

By leveraging iDenfy, QwikPay streamlines user onboarding, reducing drop-offs and ensuring compliance with AML regulations. The automated AML screening monitors users against global sanctions, watchlists, and adverse media in real-time. This continuous monitoring helps maintain full transparency and reduces manual effort.

Scalable Solutions for Growth

The partnership enables QwikPay to scale efficiently across Australia’s retail, hospitality, and e-commerce sectors. The pay-per-successful-verification model adopted by iDenfy aligns well with QwikPay’s needs as a fintech startup, ensuring cost-effectiveness.