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AsiaVerify & Visa to bolster digital payments and banking in APAC

By Gloria Mathias

March 01, 2024

  • Asia Pacific
  • AsiaVerify
  • Digital Banking
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AsiaVerify, Fintech News, Fintech Solutions, Payments Technology, Payments solution, Fintech News, Fintech Singpore, Fintech Asia, Fintech APAC, AsiaVerify, a RegTech solution provider, has announced a partnership with Visa, a global payment technology.

This partnership aims to unlock opportunities for financial institutions by combining AsiaVerify’s expertise in Asia Know Your Business (KYB), Ultimate Beneficial Ownership (UBO) verification, and Know Your Customer (KYC) services with Visa’s extensive network and resources.

AsiaVerify is recognised as a Visa Ready certified partner for the Visa Fintech Partner Connect Program. The Visa FinTech Partner Connect Program enables Visa clients to connect with digital-first, next-generation payments and banking platforms and solutions. AsiaVerify will offer businesses within the Visa network advanced KYB, KYC, and UBOVerify services with instant access to original language and translated documents, enhancing customer onboarding, monitoring, and ensuring regulatory compliance.

The partnership empowers more businesses to cut through the noise and connect with AsiaVerify, enabling them to manage costs effectively with an exclusive commercial package. The value provided through exclusive pricing underscores the shared commitment of both companies to deliver benefits to their clients.

“We are beyond thrilled to embark on this incredible journey with Visa,” said Elizabeth Fitzell, AsiaVerify’s COO. “This collaboration will enable us to tap on Visa’s global reach and expertise, enabling us to help organisations conduct business safely in Asia using our award-winning technology and in-depth regional knowledge.”

“We are excited to partner with AsiaVerify to support the growth and success of small businesses in Asia-Pacific. We understand that the digital onboarding journey is complex, and we would like to help our clients simplify this process by collaborating with partners who share Visa’s goal of building new digital payment experiences for businesses,” shared Moowon Lee, Head of Visa Commercial Solutions, Asia Pacific, Visa.

This partnership reflects the commitment and shared belief of AsiaVerify in the power of technology and innovation to enhance digital experiences and create new value for clients across the globe.

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