Nium, a Singapore-based global company that provides real-time cross-border payment infrastructure, announced on Tuesday that it is expanding its account verification service, Verify, in Europe. This expansion comes through a stronger strategic partnership with iPiD, the company behind the Know Your Payee (KYP) solution called iPiD Node.
As part of this deepening collaboration, iPiD is also leveraging Nium’s Verify technology to enhance its validation capabilities, marking a mutual partnership between two of Singapore’s most prominent fintech innovators, Nium said in a statement.
By using Nium’s account verification system, iPiD can now offer wider global coverage.
This two-way partnership reflects both companies’ shared goal of building trust, reducing fraud, and meeting changing regulations in cross-border payments.
With “Verification of Payee” (VoP) becoming mandatory in the EU by October 2025, payment service providers will need to check payee details and prove that the verification was done and properly recorded.
Through this partnership, adding iPiD Node to Nium’s Verify service will extend its reach in the EU to 41 more countries in the SEPA zone, on top of Nium’s instant account verification in 25 countries worldwide.
Nium is the only provider with direct access to global real-time payment systems for both payments and instant account checks, and iPiD Node adds compliance-ready infrastructure to support this.
Since launching Verify, Nium says it has saved customers millions of dollars in fraud and error-related costs. One global remittance provider saw its error rate drop from 1.41% to 0.34% after using the service.
Meanwhile, iPiD Node has helped institutions meet strict VoP compliance rules with ready-to-use audit logs, while reducing false positives and manual reviews in high-risk cross-border transactions.
“It’s powerful when a trusted partner chooses to become a customer,
“We’re proud to work alongside Nium — not just as fellow Singapore fintechs, but as like-minded teams solving the next generation of cross-border compliance and fraud challenges,” said Damien Dugauquier, Co-founder and Chief Executive Officer at iPiD.
While many providers only use name-matching tools to validate payees, Nium’s Verify service—now integrated with iPiD Node—offers a more advanced approach. It uses real-time API responses from domestic real-time payment (RTP) systems, delivering unmatched accuracy, stronger fraud prevention, and secure, transparent cross-border transactions.
With iPiD Node, the service in the EU gains advanced features such as real-time name-checking requests and responses, audit-ready forensic logs to meet regulatory requirements, and flexible name-matching rules that balance security with ease of use.
“As regulation and risk evolve, we’re focused on building infrastructure that goes beyond the payment to provide both compliant and customer-centric solutions,
“Deepening our relationship with iPiD gives us the tools further to scale our Verify solution for account validation with confidence,” said Alexandra Johnson, Chief Payments Officer at Nium.
The partnership also highlights how Singapore’s fintech leaders are working together to build secure, compliant, and scalable financial infrastructure worldwide.
Together, Nium and iPiD are setting a new standard for payee verification – combining real-time intelligence, regulatory readiness, and ecosystem collaboration to make global payments safer and smarter, said the statement.
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