- TransferGo currently has over 650,000 users and new customers are added every day
- The remittance company guarantees that cross-border payments reach its recipient in 30 minutes
- The partnership between Onfido and TransferGo will help the remittance company onboard new customers sooner
One of the world’s most trusted verification providers Onfido just signed a partnership agreement with remittance brand TransferGo.
According to representatives of the two companies, the partnership is geared towards accelerating TransferGo’s growth, a development that will benefit over 650,000 users. Onfido’s identity verification technology will make it possible for TransferGo to onboard new users securely and at speeds that the London-based remittance firm was not able to provide before.
With its current client base growing, TransferGo’s partnership with Onfido will help the company accommodate new users who sign up for their remittance services.
Onfido’s technology will automate the money transfer brand’s ID verification and users will only need to provide a photo of their ID along with a selfie to get the verification process started. Onfido will then compare the two items and cross reference the ID.
TransferGo CEO Daumantas Dvilinskas said: “Onfido enables us to deliver the swift service our customers expect, without compromising on security. Their risk-based approach means we can confidently verify our users, and don’t have to add unnecessary friction where it’s not needed. Onfido’s support is imperative to our international growth, and we’re confident that they’ll continue to help us strengthen our position into the future.”
Since its inception, TransferGo has cultivated a good reputation and is among the most trusted brands in the region. TransferGo guarantees that money transfers reach recipients in 30 minutes.
While the money transfer brand is equipped with superior technology of its own, working with Onfido will help the company meet the demand for secure transactions at scale. TransferGo users can make transfers to 47 countries.
TransferGo also announced the platform’s cryptocurrency trading feature, with the brand becoming the first money transfer company to offer such a facility. According to TransferGo, its customer base can buy and sell Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash through the platform.
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