iSignthis announced extension of the agreement with XM to include eKYC for China via Paydentity 

Highlights:

• Paydentity service deployed to XM.com on a fully commercial basis for Chinese eKYC

• Extends Scope of Paydentity™ eKYC from EU+UK to now include China.

Australian Securities Exchange and Frankfurt Stock Exchange cross listed iSignthis Ltd (ASX : ISX | DE_FRA : TA8), the world leading RegTech for identity verification and payment services, is pleased to announce that it has extended the scope of its Paydentity solution to XM.com to include provision of Chinese identity verification services, as a standalone service. Electronic Know Your Customer (eKYC) services have been provided to XM by the Company since beginning of this month.

The Company is now identifying Chinese, as well as UK and EU based customers, on behalf of various XM trading entities, to meet AML/CFT Know Your Customer (KYC) requirements.

The Company continues to extend its relationship with XM, and to build and grow revenue opportunities for both parties.

About iSignthis Ltd (ASX : ISX | DE_FRA : TA8)

Australian Securities and Frankfurt Stock Exchange listed iSignthis Ltd is the global RegTech leader in remote identity verification, payment authentication and payment processing. iSignthis provides an end-to-end onboarding service for merchants, with a unified payment and identity service via our Paydentity™ and ISXPay® solutions.

By converging payments and identity, iSignthis® delivers regulatory compliance to an enhanced customer due diligence standard, offering global reach to any of the world’s 4.2Bn ‘bank verified’ card or account holders¹, that can be remotely on-boarded to regulated merchants in as little as 3 to 5 minutes.

iSignthis Paydentity service is the trusted back office solution for regulated entities, allowing merchants to stay ahead of the regulatory curve, and focus on growing their core business.

iSignthis’ and its subsidiary, iSignthis eMoney Ltd, trade as ISXPay®, and is an EEA authorised eMoney Monetary Financial Institution, offering card acquiring in the EEA, Australia and New Zealand. ISXPay is a principal member of Visa Inc, Mastercard Worldwide and JCB International.

Read more about the company at our website www.isignthis.com.

For more information, please contact:
Media: contact@isignthis.com
Investor Relations, Chris Northwood, Activ8Capital, +61458 809 177, cnorthwood@activ8capital.com or investors@isignthis.com

¹ http://www.worldbank.org/en/programs/globalfindex

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