Palawan Group of Companies strengthens its security by partnering with identity verification platform IDfy for fraud prevention.
Since its launch in April 2022, PalawanPay, the leading and trusted e-wallet app, has rapidly expanded to serve millions of users. As its customer base continues to grow, the Palawan Group of Companies remains committed to enhancing its services—making digital transactions faster, more convenient, and, most importantly, safer and more secure.
In line with this commitment, PalawanPay has partnered with IDfy, a Mumbai-based integrated identity platform specializing in fraud prevention and identity verification. With a strong track record of serving over 1,500 clients across various industries—including e-commerce, gaming, and major conglomerates in India, Southeast Asia, and the Middle East—IDfy brings world-class security solutions to PalawanPay users.
Enhanced Security with Trusted eKYC Technology
By integrating IDfy’s robust eKYC (electronic Know Your Customer) technology, PalawanPay ensures that every transaction is conducted by legitimate users, reducing risks of fraud and unauthorized access. IDfy strictly complies with international data security standards, including ISO 27001 and SOC 2 Type 2, guaranteeing that user information is protected with the highest level of security.
According to Third Librea, CEO of PalawanPay, this partnership gives them access to proven eKYC solutions already utilized by major banks in the Philippines.
“Our users can expect a seamless and fast identity verification experience, making it easier to access PalawanPay’s full range of services. IDfy’s technology will significantly cut down the time needed to verify users, ease the burden on our operations team, and prevent fraudulent accounts from being created.”
With IDfy performing over 60 million verifications per month, it has established itself as a trusted partner for leading global brands such as Amazon, Unilever, American Express, Walmart, PayPal, Global Payments, and Foodpanda.
Prioritizing Security for Every PalawanPay User
JC Medina, Head of Innovation at PalawanPay, expressed excitement over the partnership, emphasizing its importance after months of evaluation.
“Our top priority is ensuring the safety and security of our sukis’ hard-earned money. We understand that some people are still hesitant about online transactions and digital wallets. With IDfy’s advanced security measures, we want to assure our users that PalawanPay provides a safe and secure environment for their financial needs.”
Unlock More Benefits with a Verified Account
With IDfy’s security measures in place, PalawanPay users can enjoy peace of mind knowing their transactions are protected. To maximize their experience, users are encouraged to verify their accounts, unlocking exclusive benefits such as:
✅ Higher wallet limit – Store and transact up to Php250,000
✅ Full access to PalawanPay services – Send Money, Cash Out, and more
✅ Seamless and instant fund transfers to banks and other e-wallets
✅ No account expiration for verified users
Download the PalawanPay App today and become a verified user to enjoy secure, seamless, and worry-free digital transactions! 🚀
