{"id":12512,"date":"2019-05-01T06:00:42","date_gmt":"2019-05-01T13:00:42","guid":{"rendered":"http:\/\/www.trulioo.com\/?p=12512"},"modified":"2023-08-01T16:32:35","modified_gmt":"2023-08-01T16:32:35","slug":"global-payments-verification","status":"publish","type":"post","link":"https:\/\/www.trulioo.com\/blog\/payments\/global-payments-verification","title":{"rendered":"How a Global Payments Company Verifies Clients Around the World"},"content":{"rendered":"\n
\"Global<\/figure>\n\n\n\n

The landscape of cross-border payments has traditionally been dominated by the banking sector. For a long time, a number of complexities, ranging from differences in payments regulatory requirements<\/a> across markets, to the exclusive relationships built over time between trusted parties around the world, stood as barriers to entry, discouraging outsiders from exploring the space.<\/p>\n\n\n\n

Over the years, however, the industry has undergone a seismic shift: Rapid technological change, along with the accelerating pace of mobile adoption across the world, among a host of other factors, laid the grounds for disruption. Since then, fast-growing technology startups have been claiming the turf, lowering the cost of doing business across borders and making it easier for both enterprises and customers to send and collect money.<\/p>\n\n\n\n

At the center of this global payments race is InstaReM<\/a>, a Singapore-based company, which has built a payment mesh stretching over 50 countries and counting. Recently, it closed a $41 million Series C to expand its operations and foray into new markets.<\/p>\n\n\n\n

Driven by its mission to democratize payments across the world, InstaReM is committed to building a large and ubiquitous payments network, and offering its clients an easy and seamless digital experience.<\/p>\n\n\n\n

To that end, rapid expansion into new markets and building a user-friendly onboarding process are crucial for a fast-growing payments company such as InstaReM. There are, however, a number of regulatory considerations that can stand in the way: Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements can differ from country to country. Similarly, there is a need to build a low-touch onboarding experience which doesn\u2019t place too many demands on clients, yet helps InstaReM fulfill the aforementioned regulatory requirements across various markets.<\/p>\n\n\n\n

As it happens, InstaReM found a solution that was ideally fitted to help it instantly verify clients and comply with various regulatory requirements in multiple markets around the world.<\/p>\n","protected":false},"excerpt":{"rendered":"The landscape of cross-border payments has traditionally been dominated by the banking sector. For a…","protected":false},"author":8,"featured_media":12514,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[318],"post-types":[133,172],"post-topics":[193,367,131,135,73],"acf":[],"yoast_head":"\nHow a Global Payments Company Verifies Clients Around the World<\/title>\n<meta name=\"description\" content=\"Building a user-friendly onboarding process is crucial for companies requiring global payments verification such as Nium.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.trulioo.com\/blog\/payments\/global-payments-verification\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How a Global Payments Company Verifies Clients Around 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