back Back

iPiD and Digit9 partner to elevate customer payment experience

By Gloria Mathias

September 11, 2023

  • APAC Fintech
  • APAC news
  • Banks
Share

iPiD, Digit9, Custoer Payments, Banks, FinTechs, Digital Payments, Crossborder PaymentsiPiD, a Singapore-based international payments identity, and Digit9, a product of LuLu Money (Singapore), have partnered during the ongoing Global FinTech Fest 2023 being held at Mumbai, India.

The partnership expands Digit9’s 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 milestone in iPiD’s mission to enhance digital payment security and operational efficiency. With iPiD’s receiver identity verification capabilities seamlessly integrated into the Digit9 platform, customers can now experience a secure and intuitive process for cross-border transactions.

Commenting on the partnership, Richard Wason, CEO, LuLu Financial Holdings, said, “Security and compliance are the cornerstone of the cross-border payments industry today, for their role in reducing costs, processing time and transparency. We are delighted to partner with iPiD to improve the quality of our services by ensuring the accuracy of beneficiary account information, thus guaranteeing peace of mind for our valuable customers.”

Alain Raes, Founding Partner, and Chief Commercial Officer of iPiD noted, “Digit9 is emerging as one of the most promising remittance platforms across the Middle East and Asia. We believe that the receiver identity verification capabilities offered by iPiD would enhance the operational robustness of the Digit9 platform by offering Digit9’s customers with a secure and intuitive platform for cross border payments.”

iPiD’s vision is to make cross-border payments easy, secure, and seamless. It seeks to achieve this by partnering with financial services providers (banks, payment systems, payment fintechs, wallets, etc.) to deliver an addressing data platform that helps the payment industry to provide a more efficient and user-friendly payment journey.

Digit9 is a product of LuLu Money (Singapore), a wholly owned subsidiary of the Abu Dhabi based financial services conglomerate LuLu Financial Holdings which has a presence in over 10 countries, managing a network of 300+ branches and digital payment assets across the Middle East, Indian sub-continent, and APAC regions. Digit9 is a RaaS provider focusing on cross-border payments and real-time payments networks designed for financial institutions and FinTech.

Previous Article

September 11, 2023

Affirm & Booking.com team to offer flexible payment options for travelers

Read More
Next Article

September 11, 2023

Emirates Islamic appoints Farid Al Mulla as Chief Executive Officer

Read More













IBSi Daily News Analysis

eCommerce fraud, merchants

September 27, 2023

APAC Fintech

Global merchants increase spending to combat eCommerce fraud

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

September 27, 2023

XYB & Google Cloud bring Generative AI to coreless banking platform

Read More

September 27, 2023

Leatherback simplifies cross-border payments for migrants in the UK

Read More

September 27, 2023

Infosys & Microsoft to accelerate adoption of generative AI for businesses

Read More

Related Reports

Sales League Table Report 2023

£1,500.00 / year

Know More
Global Digital Banking Vendor & Landscape Report Q2 2023

£1,500.00 / year

Know More
Wealth Management & Private Banking Systems Report Q2 2023

£1,500.00 / year

Know More
Testing & QA for NextGen Bank Tech Q3 2023

£500.00 / year

Know More
Treasury & Capital Markets Systems Report Q2 2023

£1,500.00 / year

Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023