Real-time checks. Zero uncertainties

Whether you’re a bank, fintech, PSP, or platform, Verify works in real-time to help ensure your payments reach exactly who and where they are meant to. By pre-validating beneficiary details instantly Verify enables you to reduce payment failures, prevent fraud, and meet compliance requirements, without compromising on speed and convenience.  

Easy RESTful API integration

Simply integrate real-time beneficiary verification into your systems through a secure, user-friendly interface.

Bank account validation

Comprehensive validation of bank accounts, supporting global standards like IBAN as well as local account formats.

Secure integration

Built on enterprise-grade security with authentication and encryption to protect sensitive data. 

Mobile wallet validation

Instantly verify mobile wallet accounts with support for multiple wallet providers in each country. 

Real-time response 

Receive synchronous responses with clear validation status—Match, No Match, Partial Match, or Not Available. 

Why TerraPay Verify

With Verify, we don’t just help you reduce risks but also build trust and deliver seamless payment experiences across borders. Every time.

Stronger fraud protection

Safeguard against misdirected payments and authorised push payments (APP) scams with real-time checks that stop fraud before it happens. 

Fewer failed payments 

Verify beneficiary details and account status before payment initiation ensuring higher success rates for global payments 

Improved cost efficiency

Boost efficiency and reduce operational costs associated with payment failures and manual interventions.

Meet compliance standards

Stay ahead of regulatory requirements with multiple validation points and support for Know Your Payee (KYP) requirements.

Enhance customer experiences

Real-time validation translates into fewer delays, increased confidence, and smoother payment journeys for customers.

Global verification network

Get access to real-time verification capabilities across 87 countries for bank accounts and 49 for mobile wallets. Expanding every day.
Africa

Bank Validation
11 Countries
Wallet Validation
31 Countries
Key Markets
NGA
GHA
KEN
UGA
TZA
ZAF

Bank Validation
12 Countries
Wallet Validation
8 Countries
Key Markets
IND
BGD
PHL
IDN
VNM

Bank Validation
8 Countries
Wallet Validation
4 Countries
Key Markets
BRA
COL
NIC
GBR

Get started

No friction. Just real-time verification.

Talk to our team to activate TerraPay Verify as a standalone service or integrate it into your existing payment flows.

FAQs

TerraPay Verify is a real-time bank account and mobile wallet verification solution we offer. This comprehensive verification solution enables businesses to validate beneficiary details for cross-border payments, before initiating the payment.

This real-time verification solution is built for businesses enabling cross-border transfers; from banks and financial institutions to payment service providers to fintechs.

We offer this solution to:

  • TerraPay’s existing customers who can seamlessly integrate Verify into their ongoing payment workflows.
  • New TerraPay customers, who simply want to user the beneficiary verification service independently, without using any other TerraPay product or solution.

Designed to reduce payment failures, fraud, and compliance risk in cross-border transactions, TerraPay Verify validates beneficiary details in real-time via:

Name matching: Validating beneficiary name against bank account or mobile wallet records

Account Status Validation: Active verification of bank account or mobile wallet status to ensure readiness to receive funds.