Yapital, the cashless payment provider, has partnered with GBGroup to enable improved customer verification.
Through its partnership with Yapital, GBGroup’s ID3global software will ensure that customers are verified accurately during registration, enabling them to purchase goods and services on the web, on mobile and in store.
GBGroup’s verification technology scans over 170 databases to verify the details of the customer against records from public databases, including phone directories and residential registers.
As an e-money institution licensed in Luxembourg, the online verification process provided by GBGroup is set to assist Yapital in meeting the strict regulatory requirements of Luxembourg’s financial supervisory authority.
Nils Winkler, Chairman of the Board at Yapital, said, "Thanks to the cooperation with GBGroup we can offer our users a simple but secure registration process. This means that immediately after the registration our customers can use Yapital to pay online, by mobile, in-store and through invoices."
Commenting on the partnership, Glenn Porter, General Manager of International Identity Verification at GB Group, said: "We are delighted to be working with Yapital to ensure their customers can purchase goods and services in a safe and secure environment.
"The importance of fast and secure identity verification is pivotal, and this partnership will ensure that the verification process is efficient and secure," he added.
Yapital is Europe’s first cashless payment solution across all channels: in-store, mobile, online and by invoice.