Nium, a global leader in real-time cross-border payments infrastructure, has announced the European expansion of its account validation service, Verify, through an enhanced strategic partnership with iPiD, the provider of the Know Your Payee (KYP) solution, iPiD Node. In this strengthened collaboration, iPiD is also adopting Nium’s Verify technology to improve its own validation capabilities, creating a mutual exchange of innovation between two of Singapore’s most prominent fintech companies. By leveraging Nium’s established account verification infrastructure, iPiD broadens its global reach, while both organizations work toward a shared goal of building trust, reducing fraud, and meeting evolving regulatory demands in international payments.

With Verification of Payee (VoP) set to become a regulatory requirement in the EU by October 2025, payment service providers will need to verify payee details and prove that verification attempts were made and recorded. This collaboration expands the reach of Nium’s Verify product to 41 more SEPA zone nations with the integration of iPiD Node, enhancing Nium’s current instant account verification network in 25 countries globally.

Nium stands out as the only provider with direct access to global real-time payment schemes for both payment execution and account validation, a capability that is now reinforced by iPiD Node’s compliance-ready infrastructure. Nium has helped clients save millions of dollars by reducing errors and preventing fraud since launching Verify. One leading remittance provider reduced its error rate from 1.41% to 0.34% using the service. At the same time, iPiD Node has enabled financial institutions to meet stringent VoP requirements with audit-ready evidence logs, while minimizing false positives and manual checks in high-risk transactions.

According to Damien Dugauquier, Co-founder and CEO of iPiD, the partnership is a testament to the strength of working with trusted allies to tackle the next generation of cross-border compliance and fraud challenges. Unlike traditional name-matching tools, the combined Nium Verify and iPiD Node solution taps directly into domestic real-time payment systems for unmatched accuracy, transparency, and fraud prevention. This collaboration not only strengthens compliance and customer experience but also highlights the growing synergy between Singapore’s fintech leaders in creating secure, scalable, and regulation-ready financial infrastructure for the global stage.