Lean Technologies, the leading financial infrastructure provider in MENA, has partners with iPiD, the global leader in Know Your Payee (KYP) solutions.
The collaboration extends access to real-time payee verification to Lean’s customers, enhancing protection against fraud and misdirected payments.
Through this agreement, Lean will resell iPiD Validate, iPiD’s single global API for real-time payee verification. With iPiD Validate, Lean’s customers can check whether the payee’s name and account details align before the payment is sent, reducing fraud losses, failed payments, and operational overhead.
“As the region’s financial infrastructure scales globally, offering accuracy and trust to our customers with cross-border payouts are a non-negotiable. Our partnership with iPiD brings the technology needed to ensure every international payout is fast, secure, and built for the next decade of growth” said Hisham Al-Falih, CEO of Lean Technologies.
Damien Dugauquier, CEO of iPiD, added: “Lean’s decision to integrate and resell iPiD Validate is a strong signal of the industry’s shift towards Global KYP. Together, we are making pre-transaction verification a standard that enhances both compliance and customer confidence across markets.”
With Lean as a partner, iPiD Validate will be available to a greater number of financial institutions, fintechs, and other enterprises seeking to protect their customers and strengthen the integrity of payments worldwide.
Separately, barq, a leading digital payments provider in Saudi Arabia, has announced its partnership with iPiD, the global leader in Know Your Payee (KYP) solutions, to integrate iPiD Validate, the payee verification solution that prevents fraud and ensures payments reach their intended recipients.
The collaboration marks a significant step in powering secure digital payments across the Kingdom, reinforcing Saudi Arabia’s ambition to be at the forefront of financial innovation and trusted cross-border commerce.
With iPiD Validate, barq can confirm payee names and account details in real time, reducing fraud, minimizing failed transactions, and boosting customer confidence. This aligns with Saudi Arabia’s broader financial sector strategy to enable safe, seamless, and globally connected digital payments.
“Saudi Arabia is moving at pace to build one of the world’s most advanced digital economies, where trust and security are fundamental. Our integration with iPiD Validate delivers that promise by protecting customers and powering the Kingdom’s digital payments ecosystem,” said Thamer Alharbi, International Partnership Director at barq. “This collaboration reflects barq’s commitment to innovation and reliability, reinforcing confidence in digital payments and positioning Saudi Arabia as a global hub for secure and seamless financial technology.”
iPiD Validate is a single global API that verifies payee names and account details before payments are made. It gives financial institutions, PSPs, and enterprises an essential shield against fraud and misdirected payments, while streamlining compliance and improving the customer experience. With the largest global verification coverage, iPiD enables partners like barq to provide confidence in every transaction, domestic and cross-border alike.
“barq’s leadership in the Kingdom’s payments landscape makes them a powerful partner for iPiD,” said Damien Dugauquier, CEO of iPiD at iPiD. “Together, we are delivering the trust, speed, and security needed to help Saudi Arabia achieve its digital ambitions.”