payabl. partners with Know Your Customer for Seamless Merchant Onboarding Across Europe

  • Payments , AML and KYC
  • 01.03.2022 09:00 am

Today payabl. the international merchant acquirer that enables businesses to take payments easily, reliably and securely, announces it is joining forces with RegTech provider Know Your Customer, to offer fully digital, secure and seamless onboarding to merchants worldwide. With explosive growth being experienced in the online payments sector, this is yet another step the company has taken to prioritise its customers by enhancing the onboarding process, allowing merchants to be up and running as much as five times faster.

By working with Know Your Customer, payabl. will now be able to leverage real-time registry connections and AI-based shareholder data extraction, to deliver a remarkable user experience for merchants, accelerating due diligence procedures and account activation across multiple jurisdictions. 

Isavella Frangou, VP Sales and Marketing of payabl., commented, “Here at payabl. we recognise that our merchants' time is precious, and prioritise offering a straightforward, frictionless onboarding experience. The collaboration between payabl. and Know Your Customer is evidence of that endeavour, and allows us to further expedite the process, helping us get new clients up and running in no time.”

Since being established in 2011, payabl. has worked as a partner with its customers. With worldwide eCommerce sales expected to rise to $7.38 trillion in 2025, there’s never been a more important time for businesses to focus on their online sales. payabl.’s latest partnership with Know Your Customer enhances its seamless business solution even further. 

Claus Christensen, CEO & Co-Founder of Know Your Customer, added, “The ability to deliver a truly seamless onboarding experience to merchants is becoming an absolute priority in the increasingly competitive payments market, both across Europe and globally. We are delighted to be working with payabl. in this area, as we share a common vision of customer-centricity powered by real-time data and deep automation across multiple business areas.”

Know Your Customer capabilities are fully integrated with payabl.’s internal systems through APIs.

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