Allied Engineering Group’s (AEG) and iPiD to enhance digital payment security

By Gloria Mathias

Allied Engineering Group (AEG) and iPiD formed a strategic alliance to offer real-time payments in global markets. The collaboration between iPiD and AEG comes at a pivotal moment, promising to address this demand.

As digital payments continue to gain ground, overshadowing traditional cash transactions, the demand for secure and efficient payment platforms is on the rise.

The partnership expands Allied Engineering Group’s (AEG) reach, allowing its users the additional benefit of payee verification on its proprietary remittance-as-a-service (RaaS) platform when sending real-time payments globally to India, USA, China, South Korea, Indonesia, Vietnam, and Nepal among other countries.

This includes the ability to instantly fetch and verify the authenticity of the payee’s name, bank account and mobile wallet details while adding a beneficiary for cross-border transactions. This collaboration marks a significant milestone in iPiD’s mission to enhance digital payment security and operational efficiency.

Quoting CEO, AEG said, “The partnership with iPid will open important doors to both companies to address the increasing demand of the banks to make cross-border payments seamless, more efficient and faster. We are very enthusiastic about the partnership and the solution; we will do our best to make it a big success”.

Damien Dugauquier, Co-founder and Chief Executive Officer of iPiD, expressed, “We’re excited to partner with AEG, together, we can leverage our respective strengths to help clients address the complex challenges they face in today’s digital economy.”

iPiD is a venture-backed FinTech start-up that was founded in late 2021 by a global team who have held senior roles at major payments and technology companies. iPiD’s vision is to make cross-border payments easy, secure, and seamless.

Allied Engineering Group (AEG) is a provider of IT solutions serving banks in the Middle East and Africa. AEG offers products and services that facilitate payment and money transfer, reconciliation, system integration, filtering and compliance, business continuity, information security, and reporting.