TransferGo, the global FinTech serving over 9m users across more than 160 countries, has expanded its collaboration with tell.money, a London-based open banking platform provider.
The extended partnership now covers both open banking API compliance and the EU Verification of Payee (VoP), a mechanism designed to verify whether the name entered by a payer matches the account details provided, according to FF News.
This step reduces fraud risk and minimises the chances of misdirected payments. It builds upon TransferGo’s earlier adoption of the UK Confirmation of Payee (CoP).
TransferGo said its decision to work with a single provider reflects its ongoing focus on scalability, security and simplified compliance. As the company grows its footprint across the UK and EU, the expanded partnership will support greater trust and accuracy in cross-border payments.
The collaboration will also ensure TransferGo can continue delivering fast, secure money movement across borders while reducing the burden on internal teams.
As regulatory requirements evolve and fraud threats increase, working with a single connected platform gives TransferGo a strategic advantage in scaling operations.
Both companies highlighted their commitment to enhancing financial inclusion and building long-term trust with their users. By removing barriers to access and streamlining compliance, they aim to support a more inclusive and secure financial ecosystem.
TransferGo chief commercial officer Simon Moran said, “At transferGo, we’re scaling a global remittance service that puts speed, trust, and user experience first. Partnering with tell.money across CoP, VoP, and open banking compliance lets us keep that promise, without operational complexity. Everything we need is managed in one place, which is hugely powerful as we grow, allowing us to focus entirely on creating a seamless customer experience.”
Tell.money CEO David Monty added, “Fintechs like TransferGo shouldn’t have to juggle three different providers just to meet their regulatory obligations. That’s why we’ve built one connected platform that delivers everything from Confirmation of Payee to VoP and open banking access. This means no switching, no silos, no delays.”
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