Trulioo, a leading global identity verification platform, has announced a strategic partnership with PingPong, a top provider of cross-border embedded payment solutions. PingPong will implement Trulioo’s Business Verification and Watchlist Screening solutions to automate onboarding processes and enhance compliance across international markets.
With over $250 billion in total transaction volume and a presence in 32 global offices, PingPong is a key player in the booming cross-border payments sector. The company holds more than 60 financial licenses and complies with regulatory frameworks set by major authorities including the UK’s Financial Conduct Authority (FCA), the Monetary Authority of Singapore (MAS), and the Australian Securities and Investments Commission (ASIC).
As the global cross-border payments market grows—projected to reach $50 trillion by 2032 with a 5.9% CAGR—businesses must navigate increasing regulatory complexity, fraud risks, and customer onboarding expectations. Through Trulioo’s advanced Business Verification technology, PingPong aims to efficiently verify business entities worldwide, significantly reducing onboarding time and operational overhead.
This partnership allows PingPong to strengthen its global reach while maintaining rigorous Know Your Business (KYB) and Anti-Money Laundering (AML) standards. By automating verification, PingPong can provide fast, secure, and compliant onboarding experiences across regions.
“Delivering seamless, compliant onboarding is critical to our global payment infrastructure,” said Julia Yao, Global Compliance Officer at PingPong. “As we scale our services for enterprises of all sizes, automation and smart technology are key to delivering secure, real-time solutions. Trulioo is a crucial partner in our mission to simplify business verification on a global scale.”
Trulioo Business Verification is capable of verifying over 700 million business entities through a constantly updated global data network, refreshed every 15 minutes. The platform’s real-time, customizable verification capabilities support KYB and AML requirements while offering a complete view of business entities and their ultimate beneficial owners (UBOs).
“The rise of digital payments brings enormous opportunities—and greater risks,” said Trulioo CEO Vicky Bindra. “Companies can no longer depend on rigid verification tools. Scalable, flexible verification ensures the trust and security that global commerce depends on. We’re proud to support PingPong in driving secure, compliant growth in the international payments industry.”
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