iDenfy, a global pioneer in identity verification and fraud prevention technologies, announces a new partnership with QwikPay, an innovative Australian fintech startup transforming consumers' and merchants' payment experience.
With this collaboration, QwikPay has integrated iDenfy’s identity verification and Anti-Money Laundering (AML) solutions to support secure, real-time user onboarding while maintaining compliance with Australia’s financial regulations.
QwikPay operates on the cutting edge of digital payments, offering a Scan to Pay app powered by Australia’s newest payment infrastructure — PayID and PayTo. The platform enables instant wallet-to-wallet transactions by simply scanning a QR code.
QwikPay and iDenfy partnership
The company turned to iDenfy to support its end-to-end onboarding and risk management processes
This innovation removes the need for cards, payment terminals, or outdated checkout flows.
With a unique focus on delivering real-time payments and zero surcharges, QwikPay is able to enhance the payment experience for users while helping merchants eliminate the high costs typically associated with traditional card-based systems.
Risk management processes
As a rapidly scaling fintech startup in a highly regulated industry, QwikPay early recognised the need for a flexible, reliable, and cost-effective compliance solution. The company turned to iDenfy to support its end-to-end onboarding and risk management processes.
According to QwikPay, iDenfy has its unique combination of global identity coverage, AI-enhanced biometric verification, and continuous AML screening combined with startup-friendly pricing, which makes it an attractive partner when it comes to regulatory compliance technology.
iDenfy’s identity verification solution
It supports over 3,000 document types from more than 200 countries and territories
iDenfy’s identity verification solution is designed to validate user identities in seconds using document analysis, facial recognition, and NFC chip reading.
It supports over 3,000 document types from more than 200 countries and territories, enabling QwikPay to onboard global users quickly and accurately, regardless of their country.
The ID verification works flawlessly; users simply upload a government-issued ID and take a selfie. Advanced biometric technology then performs 3D passive liveness checks to confirm the person’s presence and prevent spoofing. According to iDenfy, the whole Know Your Customer (KYC) check will take about 30 seconds on average for QwikPay.
Real-time verification capability
This real-time verification capability is crucial for QwikPay, whose customer experience depends on fast, hassle-free onboarding.
With iDenfy’s embeddable web and mobile SDKs, QwikPay has fully integrated identity verification directly into its user sign-up flow, reducing drop-offs and enabling instant account activation.
The process, once prone to delays and manual reviews, now takes just seconds, allowing it to support the company’s ambition to scale efficiently across Australia’s retail, hospitality, and e-commerce sectors.
iDenfy’s automated AML screening solution
iDenfy’s AML solution screens users continuously, not just at onboarding
Additionally, iDenfy’s automated AML screening solution helps comply with AML laws, protecting the fintech business against severe penalties and reputational damage.
This is important, as QwikPay needed a solution that could monitor users against global sanctions lists such as Interpol, World Bank, watchlists such as Europol, FBI, and adverse media in real-time.
iDenfy’s AML solution screens users continuously, not just at onboarding, to ensure QwikPay always stays ahead of evolving risk profiles and regulatory demands. Unlike many static screening tools, iDenfy’s solution updates the information daily and includes audit trails and case management tools.
iDenfy’s experienced verification team
This means QwikPay’s compliance officers can view all decisions, take action on alerts, and maintain full transparency during user onboarding audits. The automation of this process dramatically reduces operational overhead and allows the team to focus on strategic growth, rather than manual verification tasks.
iDenfy has an experienced verification team, which adds an additional layer of accuracy
The pricing model was another deciding factor. iDenfy’s pay-per-successful-verification approach helped QwikPay lower costs significantly compared to competing vendors who charge per attempt. This flexible structure allows early-stage fintechs like QwikPay to operate efficiently without sacrificing quality or compliance.
It is worth mentioning that besides the AI, iDenfy has an experienced verification team, which adds an additional layer of accuracy, reducing false positives and increasing completion rates to over 99.99%.
Accelerating the onboarding process
“We needed a compliance partner that could scale with us while maintaining user trust. iDenfy not only accelerated our onboarding process but also gave us peace of mind that we’re protected from fraud and regulatory risks,” said Nik Bavisetti, the CEO of QwikPay.
Domantas Ciulde, the CEO of iDenfy, added: “Real-time, frictionless payments are the future and with that comes a heightened need for security and compliance that doesn’t slow things down. We’re proud to support QwikPay as they lead Australia into this next chapter of digital finance.”
Learn why leading casinos are upgrading to smarter, faster, and more compliant systems
