Cambodia-based mobile payments service provider U-Pay has partnered with IPification to provide secure authentication services for its mobile payments service and digital wallet.
U-Pay is hoping that the partnership with IPification will decrease abandonment rates during onboarding and deliver a better user experience for those who do stick with the platform. The IPification platform cross-references IP addresses with SIM and phone data to make sure that the person signing up for a service is in fact the true owner of that device. The user, meanwhile, only has to make one click to verify their identity.
U-Pay can be used during in-person and online transactions, or to pay bills and transfer money to other individuals. It is also the first mobile payments service to adopt IPification’s anti-fraud technology in Cambodia. The mobile payments provider’s company officials stated that they are committed to provide a modern payment system to enable their users to keep up with the developments in Cambodia.
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