Merchantrade selects IDEMIA to boost the onboarding of customers for its mobile-enabled services

Wednesday 2 June 2021 13:54 CET | News

Merchantrade, a Malaysia-based money service business operator, has announced that it has selected IDEMIA to boost the onboarding of customers for two of its mobile-enabled services.

Merchantrade will leverage IDEMIA’s Identity Proofing Platform to enable the registration of mobile customers on its digital multi-currency e-wallet, Merchantrade Money, and its app-based remittance service, eRemit.

IDEMIA’s Identity Proofing platform offers enterprises identity verification capabilities that enable them to know, trust, and verify their customers’ identities. This process is completed using real-time biometrics and ID document capture via a customer’s own smartphone. Once a user submits their data, their biometrics and ID information are then extracted, authenticated, and verified using IDEMIA’s artificial intelligence algorithms.

For Merchantrade, IDEMIA’s solution digitalises the user registration process by verifying ID documents and biometric facial recognition in real-time for users from all countries through their smartphones. By enabling Merchantrade to onboard customers with verified identities anytime and anywhere, the Identity Proofing Platform helps the company maintain its focus on boosting its core businesses of digital cross-border money transfers, foreign currency exchange, and e-money services.

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: IDEMIA, e-wallet, remittances, identity verification, fraud prevention
Categories: Securing Transactions | Digital Identity, Security & Online Fraud
Countries: Malaysia
This article is part of category

Securing Transactions

Industry Events