PingPong Payments Taps Trulioo to Verify Global Businesses
Collaboration enables faster, safer cross-border payments while meeting strict regulatory standards
From a Press Release dated April 17, 2025, Vancouver, British Columbia
PingPong, a leading global cross-border payments platform, has partnered with Trulioo, an identity verification provider, to enhance its business verification and compliance processes. This collaboration aims to automate and streamline the onboarding of business clients worldwide, reducing manual processes and ensuring rapid, compliant payment experiences.
“Ensuring compliance while providing world-class, digital-first onboarding for businesses is critical to our global payments infrastructure,” said Julia Yao, global compliance officer at PingPong. “As we continue to scale and power cross-border payment services for enterprises of all sizes, automation and smart technology are fundamental to delivering fast, secure payments services.”
Key Highlights
Purpose of Partnership: PingPong will use Trulioo’s Business Verification and Watchlist Screening technology to quickly and efficiently verify business entities globally, addressing challenges such as varying country regulations, fraud risks, and complex onboarding requirements
Compliance and Growth: The partnership enables PingPong to meet stringent Know Your Business (KYB) and Anti-Money Laundering (AML) standards across multiple jurisdictions, supporting its global expansion and regulatory compliance
Technology Advantage: Trulioo’s platform can verify over 700 million business entities in real-time, leveraging a global data network refreshed every 15 minutes, and offers flexible, automated workflows tailored to diverse regulatory environments
Industry Context: With cross-border payments expected to reach $50 trillion by 2032, the need for fast, secure, and compliant onboarding is critical. Automation and advanced verification are seen as essential for scaling secure payment services and combating fraud.
PingPong was founded in 2015. The company processes over $250 billion in transactions, operates from 32 offices across 15 countries, and holds more than 60 financial licenses worldwide.
Trulioo provides person and business verification in 195 countries. As a trusted partner for global fraud prevention and compliance, the firm supports over 14,000 ID documents and checks against more than 6,000 watchlists.
The partnership is positioned as a strategic move to support PingPong’s growth in the booming digital payments sector while maintaining robust compliance and security standards.