UPay Partners with WIDTH to Enhance Crypto Risk Screening

Crypto Payments Get Safer: UPay Teams Up with WIDTH

Digital asset payment platform UPay announced a new partnership with risk technology provider WIDTH on November 6.

Through this agreement, UPay will integrate WIDTH's specialized tool called DART to strengthen its on-chain risk screening.

This collaboration aims to make digital asset transactions clearer, safer, and easier to monitor for compliance reviewers.

Why Risk Screening Matters for Digital Asset Payments

Using cryptocurrency for everyday spending bridges public blockchain transactions with conventional retail payments.

However, this connection can make financial risk management more complex for payment platforms.

Compliance reviewers must verify customer identities, check involved wallet addresses, and analyze how funds travel across networks.

Without detailed tracking tools, pinpointing potential security risks on transparent blockchains can be challenging.

How WIDTH's DART Tool Addresses On-Chain Risks

WIDTH developed DART to provide detailed insights into blockchain transactions and wallet histories.

The DART platform performs two primary functions to protect transaction flows:

• Know Your Address (KYA): Screens wallet addresses to identify connections with high-risk entities or illicit activities.
• Know Your Transaction (KYT): Traces the origin and destination of transferred funds across the blockchain network.

By using these features, reviewers can trace flagged transactions back to the exact criteria and transaction logs behind them.

Insights from UPay and WIDTH Leadership

Leadership from both companies stressed the importance of delivering actionable information to risk analysis teams.

Chionh Chye Kit, Co-Founder and CEO of WIDTH, highlighted the goal of their compliance technology:

“Our focus is on making risk findings useful to the people reviewing them. Scores, matched rules and transaction paths help explain why an address or transaction needs attention.”

Owen Yang, CEO of UPay, explained how DART assists their internal review process:

“Our aim is to give reviewers more than a risk flag. We want them to understand what triggered it and see the transaction history behind it, so they can decide what needs further investigation.”

Integration and Operational Scope

DART will serve as a supplemental tool for UPay’s internal due diligence policies and manual investigations.

The precise scope of DART's implementation will be agreed upon by UPay and WIDTH based on several operational factors:

• Supported digital assets and cryptocurrencies
• Specific blockchain networks used for payment processing
• Applicable geographic jurisdictions and service offerings
• Existing operational and business workflows

Both firms plan to adjust and refine DART's usage over time based on feedback from reviewer teams.

Regulatory Responsibility and Accountability

While DART provides data analysis and risk flags, decision-making remains in human hands.

UPay retains full legal responsibility for its business decisions and regulatory compliance obligations.

DART acts as an analytical filter to assist UPay's compliance officers in identifying suspicious activity effectively.

Company Overview: UPay and WIDTH

Understanding the background of both entities provides context for this technical partnership.

About UPay

Founded in 2023, UPay is a financial technology enterprise focusing on digital payment infrastructure.

The company offers a range of services designed for retail and business users, including:

• Digital wallet services
• Crypto-linked payment cards
• Over-The-Counter (OTC) trading facilities
• Crypto payment gateway solutions
• Cross-border transaction settlement
• International remittances
• Enterprise API solutions

About WIDTH

WIDTH is a compliance and risk technology developer that creates monitoring tools for financial platforms.

Its flagship DART system helps companies evaluate wallet addresses and track fund flows across public blockchains.

Looking Ahead: Strengthening Compliance in Crypto Payments

As adoption of digital currencies for payments expands, regulatory technology becomes increasingly critical.

Integrating advanced risk screening solutions allows payment processing services to better detect high-risk transactions.

UPay's adoption of WIDTH's DART represents a proactive step toward maintaining transparent and compliant digital asset payment services.