Verification of Payee (VoP): the simple step making payments safer Europe-wide

Verification of Payee (VoP): Enhancing Payment Safety Across Europe

In the era of instant digital payments, speed is crucial, but it also increases the risk of mistakes and fraud.

To mitigate this risk, the European Union is introducing Verification of Payee (VoP), a safety feature designed to ensure that payments are made to the intended recipient.

VoP is a straightforward yet effective tool that verifies the account holder's identity, confirming that the account belongs to the person or business being paid.

VoP is a simple yet powerful tool that helps protect you from fraud by confirming that the account you’re sending money to actually belongs to the person or business you intend to pay.

This single step is revolutionizing the way we trust and send money across Europe.

Author's summary: VoP enhances payment safety in the EU.

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Cyprus Mail Cyprus Mail — 2025-10-13

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