Why is Verification Essential for Payment Gateways and Payment Aggregators?

Verification is essential for Payment Gateways and Payment Aggregators to authenticate transactions, ensure they are initiated by the rightful account holder, and maintain security in the expanding digital economy.

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  Fraud Prevention: Verifies user identities to prevent unauthorized transactions and reduce financial fraud.

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  Regulatory Compliance: Ensures adherence to legal and financial regulations, avoiding penalties and risks.

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  Payment Data Protection: Protects payment data and safeguards against identity theft and cyber threats by onboarding trusted merchants

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  Enhanced Customer Experience: Enhances user/customer experience by enabling, trustworthy transactions.