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, the Verification of Payee (VoP) feature is being introduced across the European Union to ensure that every euro sent reaches its intended destination.

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.

When sending money to a friend, supplier, or business, you typically type their name and IBAN, a long string of numbers identifying a bank account.

VoP is a significant step forward in securing transactions within the Single Euro Payments Area (SEPA), enhancing trust in digital payments.

Author's summary: VoP enhances payment safety in Europe.

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Cyprus Mail Cyprus Mail — 2025-10-13

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