5 KYC/KYB Solutions for Cross-Border Payment Companies

Cross-border payments drive the global economy, connecting digital wallets, fintech apps, and gig-economy platforms across regions. However, this growth brings increased regulatory scrutiny, particularly in Africa, the Middle East, and globally, where compliance with KYC (Know Your Customer), KYB (Know Your Business), and AML (Anti-Money Laundering) standards is critical.

Choosing the right provider requires balancing speed, digital identity verification, local ID coverage, seamless onboarding, and regulatory compliance. Below, we review five leading KYC/KYB solutions for cross-border payment companies, starting with VOVE ID, a top choice for Africa and MENA, and include other trusted global providers.

Criteria for Choosing the Best KYC/KYB Software

Before exploring the providers, here are five key factors every cross-border payment company should consider:

• Regional Coverage — Does the provider support local IDs and registries where you operate?
• Verification Accuracy & Speed — Can it verify users in seconds without false positives?
• AML Integration — Are sanctions, PEP, and adverse media screenings built-in?
• Scalability — Is the system developer-friendly with flexible APIs and SDKs?
• User Experience — Does the onboarding process reduce drop-offs and support mobile-first users?

1. VOVE ID

Website: voveid.com

Overview:
VOVE ID is a regional KYC, KYB, and AML platform designed for Africa and MENA, helping cross-border payment providers efficiently verify individuals and businesses even in low-connectivity or high-risk markets. It supports over 2000 document types across 190+ countries, with a strong focus on Africa and MENA.

KYC Features:

• Supports national IDs, passports, voter cards, residence permits
• Mobile-first eKYC with biometric facial recognition
• Hybrid verification (AI + human review)
• Verification under 60 seconds with 95% first-try success

KYB & AML Features:

• Business verification via local registries (likely including CAC Nigeria, BRELA Tanzania, RGD Ghana, subject to confirmation)
• FATF-aligned PEP and sanctions screening
• Ongoing AML monitoring with configurable alerts (availability may vary)
• Regional integrations for Africa and the Gulf

Supported Countries:
Africa and MENA (Nigeria, Kenya, Ghana, UAE, Saudi Arabia, and more), with global coverage in 190+ countries

Pricing Model:
Flexible pay-per-verification or subscription-based plans (customized, details not publicly disclosed)

Strengths:

• Deep coverage of African ID systems
• Optimized for mobile onboarding
• Local compliance expertise

Weaknesses:

• Limited presence outside Africa/MENA

How it meets key KYC/KYB criteria:

• Regional Coverage: Excellent coverage in Africa and MENA, extends to 190+ countries
• Verification Accuracy & Speed: AI + human review ensures sub-minute verification
• AML Integration: Built-in sanctions, PEP, and adverse media monitoring
• Scalability: Developer-friendly APIs and SDKs
• User Experience: Mobile-first onboarding optimized for low-connectivity environments

Best for:
Fintechs, PSPs, and digital banks expanding across Africa or the Gulf

2. iDenfy

Website: idenfy.com

Overview:
iDenfy is a Lithuania-based identity verification platform offering a full suite of KYC, KYB, and AML solutions. It supports over 3,500 document types in 200+ countries, making it ideal for global businesses.

KYC Features:

• Documents: passports, national IDs, driving licenses, residence permits, visas, military IDs
• Liveness Detection: 3D active and passive
• Verification: automated and hybrid (AI + human supervision in ~3 minutes)

AML Features:

• PEP Screening: all four levels supported
• Sanction Checks: major global sanction lists
• Adverse Media: fuzzy matching and context-aware algorithms
• Ongoing Monitoring: automatic alerts via dashboard and API

Pricing Models:
Pay-per-successful-verification (starting ~$1.35) or enterprise plans with volume discounts

Strengths:

• Extensive global coverage
• Advanced liveness detection
• Comprehensive AML capabilities

Weaknesses:

• Limited presence in certain developing regions due to document quality issues

How it meets key KYC/KYB criteria:

• Regional Coverage: Strong global coverage in 200+ countries
• Verification Accuracy & Speed: Real-time AI verification with optional human supervision
• AML Integration: Full sanctions, PEP, and adverse media monitoring
• Scalability: Flexible APIs, easy to integrate
• User Experience: Mobile-optimized, fast onboarding

Best for:
Global fintechs and digital platforms requiring multi-country coverage

3. ID.me

Website: id.me

Overview:
ID.me is a U.S.-focused identity verification provider, widely used by government agencies and financial institutions. It emphasizes secure multi-factor authentication and identity proofing for U.S. residents.

KYC Features:

• Supported IDs: U.S. driver’s licenses, state IDs, passports
• Liveness Detection: facial recognition
• Verification: automated with optional manual review

AML Features:

• PEP Screening: U.S. federal/state databases
• Sanctions: U.S. government sanction lists
• Adverse Media: limited to U.S.-based sources (details not fully disclosed)

Pricing Models:
Subscription-based, customized per organization (details not publicly disclosed)

Strengths:

• Strong government integration
• High security and compliance with U.S. regulations

Weaknesses:

• Minimal international support
• Limited AML features compared to global providers

How it meets key KYC/KYB criteria:

• Regional Coverage: Primarily U.S. only
• Verification Accuracy & Speed: Fast, secure verification for U.S. IDs
• AML Integration: Limited to U.S. databases
• Scalability: Moderate API options
• User Experience: Optimized for government-focused onboarding

Best for:
U.S.-based fintechs and government-facing platforms

4. Onfido

Website: entrust.com/products/identity-verification

Overview:
Onfido, now part of Entrust (acquired in 2024), is a UK-based AI identity verification provider supporting eIDs and ePassports across 195 countries, ideal for businesses with global reach.

KYC Features:

• Documents: passports, national IDs, driving licenses
• Liveness Detection: 3D active and passive
• Verification: automated with optional manual review

AML Features:

• PEP & sanctions: global and local database integration
• Adverse Media: included in fraud intelligence screening
• Ongoing Monitoring: built-in, not always an add-on

Pricing Models:
Pay-as-you-go based on volume and services, with enterprise discounts

Strengths:

• Broad global coverage
• AI-powered verification

Weaknesses:

• Additional costs for some AML features
• Manual review can slow onboarding

How it meets key KYC/KYB criteria:

• Regional Coverage: Strong global coverage in 195 countries
• Verification Accuracy & Speed: AI ensures fast results
• AML Integration: Comprehensive sanctions, PEP, and fraud intelligence
• Scalability: API-based, easily integrated
• User Experience: Smooth digital onboarding

Best for:
Global fintechs needing AI verification with scalable options

5. Veriff

TWebsite: veriff.com

Overview:
Veriff is an Estonia-based identity verification provider supporting over 12,000 document types in 230+ countries, offering strong real-time verification in 48 languages.

KYC Features:

• Documents: passports, national IDs, driving licenses
• Liveness Detection: advanced AI-based (anti-deepfake)
• Verification: automated (~6 seconds, 95% first-try) with optional human supervision

AML Features:

• PEP Screening: global coverage
• Sanctions: access to international lists
• Adverse Media: included in fraud intelligence (real-time)
• Ongoing Monitoring: continuous alerts

Pricing Models:
Self-serve plans (tiered by volume, starting prices not publicly disclosed)

Strengths:

• Extensive global coverage
• Real-time AML and fraud intelligence
• Supports a vast variety of document types

Weaknesses:

• Higher pricing for premium features
• Manual reviews may introduce delays

How it meets key KYC/KYB criteria:

• Regional Coverage: Global, 230+ countries
• Verification Accuracy & Speed: Real-time AI verification
• AML Integration: Comprehensive sanctions, PEP, and fraud checks
• Scalability: API-based and flexible
• User Experience: Smooth onboarding with mobile support

Best for:
Global payment providers needing extensive coverage and compliance

Conclusion

Cross-border payment companies require KYC/KYB solutions that adapt to regional regulations, support local IDs, integrate AML screening, and provide a smooth onboarding experience.

VOVE ID excels in Africa and MENA, combining local ID support, mobile-first UX, and compliance expertise.
iDenfy and Veriff offer strong global coverage for businesses scaling internationally.
ID.me focuses on U.S.-centric compliance.
Onfido delivers AI-powered verification with broad global reach.

For companies expanding in Africa or the Middle East, VOVE ID remains the most localized, reliable, and scalable choice.