Sumsub to power AI-driven fraud verification for Papaya Global

By Gloria Methri

Papaya Global, the workforce payroll and payments platform, and Sumsub, a full-cycle verification and compliance solutions provider, have announced their new partnership.

Sumsub will support Papaya Global with AI-powered automated solutions for secure verification and fraud prevention while maintaining speed, accuracy, and regulatory compliance. The partnership ensures compliant payment transfers for companies and their workforce worldwide.

“When you enable global workforce payments, as we do at Papaya, thorough compliance and security are a top priority. Anything less than that isn’t acceptable when serving enterprise clients,” said Amit Levi, SVP Product at Papaya Global. “With Sumsub, we can take our compliance engine to the next level and deliver at scale, supporting our clients and their employees.”

Papaya Global is the platform for the global workforce, helping the leading companies compliantly pay workers in the local currency of 160+ countries. It is also the first SaaS company to offer its own licensed payments platform in partnership with J.P. Morgan.

“Partnering with Papaya Global is yet another big milestone for Sumsub in our mission to create a safe, accessible and people-friendly digital future. By providing seamless onboarding and compliant verification for users and businesses, we are supporting Papaya Global in its goal to make global payments fast, secure, and efficient. We are truly looking forward to seeing the results of our partnership,” added Andrew Sever, CEO and Co-Founder of Sumsub.

Sumsub is a full-cycle verification and ongoing monitoring platform that secures the whole user journey. With Sumsub’s customisable KYC, KYB, Transaction Monitoring, Fraud Prevention and Travel Rule solutions, businesses can orchestrate their verification process, welcome more customers worldwide, meet compliance requirements, reduce costs, and protect their business.

Sumsub has over 4,000 clients across the FinTech, crypto, transportation, trading, eCommerce and gaming industries including Bitpanda, Wirex, Avis, Bybit, Huobi, Kaizen Gaming, and TransferGo.