In the evolving landscape of finance, where digital payments are rapidly surpassing traditional cash transactions, the need for secure and high-performing payment infrastructures becomes more critical. Within this context, the strategic alliance between iPiD and Wallex emerges as a significant development, aiming to meet this growing demand. This partnership pledges to deliver comprehensive end-to-end user verification and robust fraud prevention solutions, ensuring heightened security for all of Wallex’s valued users.

Hiro Kiga, Chief Executive Officer of Wallex said, “Wallex has always made it a mission to deliver greater speed, support and savings to our customers. Partnering with iPiD will empower us to provide them with greater security through beneficiary validation solutions — so they can perform cross-border payments with greater confidence and peace of mind.”

Damien Dugauquier, Co-founder and Chief Executive Officer of iPiD, expressed, “We are excited to announce our partnership with Wallex, aiming to provide a secure and reliable cross-border payment experience for their customers. We are confident that iPiD's receiver identity verification features offer Wallex’s customers a greater confidence when making payments, knowing that they are paying to the right accounts.”

iPiD is a fast-growing, venture-backed fintech start-up that was founded in late 2021 by a global team who have held senior roles at major payments and technology companies, including SWIFT and Thomson Reuters. In addition to our HQ in Singapore, our global team has representatives in India, Belgium, Malaysia, Netherlands, UAE, Spain, and Vietnam. 

iPiD’s vision is to make cross-border payments easy, secure, and seamless. We achieve this by partnering with financial services providers (banks, payment systems, payment fintechs, wallets…) to deliver an addressing data platform that helps the payment industry to provide a more efficient and user-friendly payment journey. iPiD is built for all – we do not replace banks, payment fintechs, wallets or remittance companies; nor do we replace existing payment rails. Our Advisory Board includes senior figures from across the industry: Christian Sarafidis, Microsoft Chief Business Development Officer WWFSI; Kosta Peric, Deputy Director, Financial Services for the Poor, the Bill & Melinda Gates Foundation; and Nick Lewins, former banking Chief Technology Officer and now an advisor in data and AI, cloud technology and digital transformation.

For more information, contact [email protected]

Wallex is the leading FX and payments specialist for B2B companies transacting in Asia, with a vision to deliver better speed, support and savings with its comprehensive suite of cross-border transaction solutions. 

Since 2016, Wallex has been empowering customers by helping them to take back control of their FX and payments processes through its robust and secure online platform, allowing them to convert and pay in 47 currencies, collect payments via virtual accounts, and hold funds in a wallet through a single Wallex Account. 

Wallex Technologies Pte Ltd is regulated by the Monetary Authority of Singapore (MAS) as a Major Payment Institution under licence no. PS20200433, PT Wallex Teknologi Berkat by Bank Indonesia (BI) under licence no 20/235/DKSP/83, and Wallex Technologies International Limited by the Hong Kong Customs and Excise Department under licence no. 19-12-02935.

For more information, write to [email protected]