Case Study: Joompay achieves effortless, secure cross-Europe money transfers with Veriff identity verification

Joompay keeps money moving effortlessly across Europe

Joompay, a Luxembourg‑based social finance app that enables fast P2P money transfers across Europe, faced the challenge of scaling digital onboarding while meeting KYC and AML requirements and preventing rising online identity fraud as customers moved away from cash. To address this, Joompay partnered with Veriff to add digital identity verification services and create a frictionless, secure user experience.

Veriff implemented automated online identity verification (IDV) to match users to government IDs and screen for fraud, allowing Joompay to verify customers quickly and comply with regulations. The result: faster onboarding (account opening in under five minutes), stronger fraud prevention and customer trust, and support for Joompay’s continued growth and product rollout across Europe — all enabled by Veriff.

Joompay

Yuri Alekseev

Chief Executive Officer and Co-Founder