We are excited to announce that UPay Technology LTD. has signed a partnership agreement with Sumsub, a major identity verification platform. UPay always strives to ensure that its cherished customers have a safe and reliable payment experience. Therefore, our collaboration with Sumsub will allow us to guard better against user’s assets and data security and ensure that UPay remains compliant.
Improving Security with Advanced KYC/AML solutions
As a fact, the most important thing about the digital era as we know it is security. It’s why we have decided to implement Sumsub’s cutting-edge Know-Your-Customer (KYC) and Anti-Money Laundering (AML) solutions into our service.
Sumsub, which was founded in 2015, has become one of the world leaders in the field of combating digital fraud. The company’s platform is well known and appreciated among businesses who wish to carry out flawless verification that prevents digital fraud.
As a result, this partnership allows us to increase the level of securitization of our financial transactions. By integrating Sumsub’s AI-based platform that automatically verifies the identity of UPay’s clients, we receive a high guarantee that a client has no history of fraud.
Also, this partnership reduces our risk of being sanctioned by helping us to comply with local and international regulatory standards. Naturally, the automation of verification processes provided by Sumsub also helps us to improve our customer onboarding, making the process more efficient and more cost-effective.
For us at UPay, this partnership is not just another business deal. It is a step towards a digital future that's safer and more than ever before accessible. By eliminating tedious verification processes and fraud, we are looking to create an environment where users can access our services without any worries.
Eyeing Global Expansion
Sumsub’s technology is already trusted by more than 2000 clients around the world. So, partnering with them was never a difficult choice for UPay Technology LTD to make. Its large customer base aligns perfectly with our vision to expand our services worldwide, such that no matter where our customers are, they can rely on UPay Technology LTD. for secure financial transactions.
As we integrate Sumsub’s solutions, we are not only looking forward to improving our customer experience. We also want to provide seamless onboarding while also offering a robust fraud prevention system.
We are excited about the prospects of this partnership as we remain committed to maintaining the highest standards of security and compliance.
The UPay Technology LTD. Team
