iDenfy teams up with QwikPay to ensure swift and secure transactions in line with KYC requirements

DOVER, Del. - June 26, 2025 - PRLog -- iDenfy, a global leader in identity verification, compliance, and fraud prevention technology, announced its latest partnership with QwikPay, a fast-rising Australian fintech delivering instant, zero-surcharge payments through its Scan to Pay platform. By integrating iDenfy's identity verification and Anti-Money Laundering (AML) screening systems, QwikPay aims to provide a frictionless user onboarding experience while maintaining strict KYC/AML compliance with Australia's regulatory requirements.

QwikPay, a digital finance space operator, is leveraging PayID and PayTo — Australia's newest real-time payment infrastructure to allow users to make wallet-to-wallet payments simply by scanning a QR code. The platform eliminates the need for traditional payment terminals, plastic cards, or slow checkout experiences. The fintech business needed a seamless KYC/AML service provider that would know industry specifics and would cater to its plans to scale and onboard bigger customer volumes in the near future.

According to the Australian Payments Network, payment fraud surged to AUD $677,5 million in 2023. As fraudsters become more sophisticated, QwikPay sought out a partner capable of delivering robust identity controls without adding friction to its sleek user experience. After reviewing several providers, QwikPay selected iDenfy for its adaptable verification suite, transparent pricing, and seamless integration capabilities.

iDenfy's identity verification solution enables QwikPay to confirm user identities in just seconds using biometric facial recognition, ID document verification, and passive liveness detection. This helps ensure a smooth ID verification process for end-users who are looking to use the payment platform as soon as possible. Supporting over 3,000 ID types from more than 200 countries and territories, iDenfy's software allows QwikPay to scale confidently across Australia's diverse market.

With a simple interface, users snap a selfie and scan their ID. iDenfy's system automatically checks the data while its human verification team works 24/7 to ensure accuracy for edge cases or flagged risks. This dual-layer model boosts verification success rates to over 99.99%, reducing onboarding drop-offs and eliminating fraudulent sign-ups before they reach the system.

"In a real-time environment like ours, delays aren't just inconvenient, they're unacceptable. iDenfy gives us the speed, compliance, and peace of mind we need to protect our users and build trust from the first interaction," said Nik Bavisetti, the CEO of QwikPay.

"Our goal is to make compliance an advantage, not a burden. Fintech innovators like QwikPay are rewriting the rules of commerce, and our tools help to ensure they do it safely and responsibly. We're excited to support their growth with best-in-class fraud prevention and regulatory technology," said Domantas Ciulde, the CEO of iDenfy.

www.idenfy.com