3 months ago
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SINCE its April 2022 launch, PalawanPay, a leading e-wallet app, has grown rapidly.
To meet its expanding user base's needs, the Palawan Group continuously enhances its services for speed, ease, and security.
STRENGTHENING APP SECURITY Forging a new partnership and a strong future are (from left) IDfy’s Jerome Ocampo-Tan, Paritosh Desai and Ishan Biswas; and PalawanPay’s Third Librea, JC Medina and Herbert Bactong. PHOTO FROM PALAWAN
Recently, PalawanPay partnered with IDfy, a Mumbai-based identity platform that helps financial institutions prevent fraud.
IDfy serves 1,500 clients across e-commerce, gaming and conglomerates in India, Southeast Asia, and the Middle East. With ISO 27001 and SOC 2 Type 2 compliance, it ensures rigorous data security.
PalawanPay CEO Third Librea highlighted the partnership's role in providing "tried and tested eKYC technologies" already used by major Philippine banks.
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KYC (Know Your Customer) safeguards financial institutions and users from fraud, money laundering, and illegal activities.
"Our users can expect a seamless and fast identity verification experience," Librea added.
IDfy performs over 60 million verifications monthly and partners with Amazon, Unilever, American Express, and PayPal.
PalawanPay's head of Innovation JC Medina emphasized the company's commitment to securing users' hard-earned money.
"We hope this partnership builds confidence in digital transactions," Medina said.
With IDfy ensuring security, users benefit from a safer app. Verifying accounts unlocks a higher wallet limit of up to P250,000 and full access to services like Cash Out and Send Money.
Download PalawanPay now to enjoy these benefits!
