Tevau, a blockchain payment solution provider, has formed a strategic partnership with Jumio, a company specialising in AI-driven identity verification and compliance solutions.

This collaboration aims to streamline the onboarding process for Tevau’s global users while ensuring adherence to anti-money laundering (AML) regulations.

Tevau is focused on developing a next-generation payment infrastructure, offering blockchain-powered cards for the daily use of digital assets.

By integrating Jumio’s identity verification technology, Tevau seeks to provide a swift and secure onboarding process, reducing the risk of fraud and other illicit activities.

The company plans to introduce both physical and virtual cards, which will convert digital assets into fiat currency in the backend.

This feature ensures that merchants do not need to integrate blockchain payment tools, making everyday transactions smoother and more convenient.

Tevau has also obtained key regulatory licenses, including the Money Services Business (MSB) license in the U.S. and the Trust or Company Service Provider (TCSP) license in Hong Kong.

“We are delighted to partner with Jumio. Our users now can enjoy an easy and fast KYC procedure. At Tevau, our mission is to empower individuals by providing seamless access to financial opportunities.

This partnership allows us to uphold our commitment to security and compliance while enhancing the overall user experience.”

said Mac Li, Founder & CEO at Tevau.

“Jumio is thrilled to collaborate with Tevau to streamline their eKYC processes, enabling them to efficiently and securely onboard new customers while helping them meet compliance mandates,”

said Frederic Ho, VP of APAC at Jumio.

Featured image credit: Edited from Freepik