Verification of Payee

Payee Verification — Global, Real-Time, Self-Serve

Vopify gives finance teams and payment operations professionals direct access to real-time payee verification across seven global payment networks — with no enterprise contract, no integration project, and no sales call required.

What is Verification of Payee (VoP)?

Verification of Payee is a payment security mechanism that checks whether the name of the intended payee matches the name registered to their bank account before a payment is executed. It was made mandatory for all Payment Service Providers (PSPs) in the Eurozone on 9 October 2025 under the EU Instant Payments Regulation (IPR), Regulation (EU) 2024/886.

VoP results explained

✅

Full Match

The name provided exactly matches the account holder name at the destination bank. Safe to proceed.

⚠️

Partial Match

The name is similar but not exact. Vopify shows the correct name held by the bank so you can verify with your payee.

❌

No Match

The name does not match the account holder on record. Do not proceed without contacting your payee to confirm their details.

Who needs Verification of Payee?

  • Accounts payable teams verifying new supplier bank details before onboarding.
  • Treasury teams running pre-payment checks on vendor master data.
  • Fintech platforms embedding payee verification into their payment flows.
  • Businesses responding to EU IPR compliance requirements.

Global coverage

Vopify currently supports live payee verification across seven payment networks. Select a network on the dashboard, provide the required inputs, and receive a Full Match, Partial Match, No Match, or Unavailable result in real time.

  • SEPA — Euro (EUR)

    Account holder name, IBAN, individual or business. 20 Eurozone countries.

  • United Kingdom (GBP)

    Account holder name, sort code, account number, individual or business. UK Confirmation of Payee.

  • Vietnam (VND)

    Account holder name, account number, bank, individual or business.

  • India (INR)

    Account holder name, account number, IFSC code, individual or business.

  • Indonesia (IDR)

    Account holder name, account number, bank, individual or business.

  • South Korea (KRW)

    Account holder name, account number, bank, individual or business.

  • China — Alipay (CNY)

    Account holder name, Alipay ID (phone number or email).

Verify your next payee in under two seconds.