Trulioo expands mobile money verification to MENA
Trulioo, the leading global identity verification company, today announced that its flagship identity verification solution, GlobalGateway, now covers the Middle East and North Africa (MENA) to help power cross-border mobile money remittances. Developed for the international market, GlobalGateway, helps business comply with a diverse range of identity verification requirements, including Anti-Money Laundering (AML) and Know Your Customer (KYC).
At the Mobile World Congress this year, GSMA launched the 2015 State of the Industry Report on Mobile Money highlighting the massive reach and growth of the mobile financial services industry. Mobile money is reaching more than 411 million people worldwide and available in 85 percent of countries where the vast majority of the population lacks access to financial services.
“The power of mobile is undeniable,” said Jon Jones, President of Trulioo. “New mobile money services are expected to grow by as much as 50 percent in the Middle East and North Africa, presenting our global clients with an irresistible growth opportunity.”
The additional data sources secured from the MENA region including Jordan, Lebanon, Kuwait, Saudi Arabia, Oman, Egypt and UAE, brings Trulioo’s global identity verification coverage total to include over 50 countries and more than 200 unique, independent data sources.
In May, Trulioo announced that GlobalGateway included coverage in BRIC (Brazil, Russia, India, China) countries, regions where B2C e-commerce growth rates are expected to grow faster than more advanced markets.