QwikPay integrates iDenfy’s services for secure real-time user onboarding
QwikPay’s integration with iDenfy enables it to support secure and instantaneous user onboarding while maintaining compliance with Australia’s financial regulations.
The Scan to Pay app developed by QwikPay, supported by the region’s payment infrastructure such as PayID and PayTo, allows for immediate wallet-to-wallet transactions via QR code scanning. This minimizes the reliance on traditional card-based systems or outdated checkout processes.
QwikPay selected iDenfy for its reliable and cost-effective compliance solutions, particularly due to iDenfy’s comprehensive identity coverage, AI-driven biometric verification capabilities, and continuous AML screening features—suitable for startup environments.
iDenfy’s solution streamlines user onboarding
Using iDenfy, users can validate their identities quickly by uploading government-issued IDs and taking selfies. The entire Know Your Customer (KYC) process typically takes around 30 seconds.
This efficient identity verification process helps QwikPay to onboard new users faster regardless of their location, reduce drop-offs, maintain compliance with AML regulations, and offer instant account activation. Previously, this process might have involved delays and manual reviews; now it is streamlined within just a few seconds, supporting the company’s growth ambitions across Australia’s retail, hospitality, and e-commerce sectors.
Continuous monitoring for enhanced compliance
iDenfy’s automated AML screening monitors users in real-time against global sanctions lists and adverse media. This continuous updating includes audit trails and supports case management, providing full transparency while reducing manual workloads. The pay-per-successful-verification model is cost-effective, making it ideal for fintech startups like QwikPay.