iPid has announced that it is partnering with Triple-A to support its global payout services using KYP verification, according to the company’s press release.
The company supporting businesses with the upcoming changes to payment regulations such as the EU Verification of Payee and UK Confirmation of Payee has entered into an agreement to support Triple-A, a digit asset service provider from Singapore.
Commenting on this announcement, CEO of Triple-A Eric Barbier expressed:
Stablecoins are reshaping global payments, and trust in the rails is essential. We chose iPiD because they offer the only global solution for payee verification in markets where it is mandated, as well as a global account verification capability via the same integration.
With key solutions across validation requests, risk scoring, and dedicated API support, iPid is well positioned for this transformation, already supporting enterprises like AirWallex and Emirates NBD.
The total stablecoin market cap has recently passed $300B, and with more companies using them for daily payments, proper user identification and KYP compliance will be more at focus.
