VoP Phase 2 Is Closer Than You Think — PSPs Are You Ready?

🚨 The clock is ticking on Phase 2 of Verification of Payee (VoP), and for Payment Service Providers, this isn’t just another compliance milestone — it’s a strategic transformation moment. Phase 2 will extend scheme coverage across additional EPC countries, including:

🇬🇧 United Kingdom

🇮🇸 Iceland

🇧🇬 Bulgaria

🇨🇿 Czech Republic

🇩🇰 Denmark

🇭🇺 Hungary

🇵🇱 Poland

🇷🇴 Romania

🇸🇪 Sweden

While the deadline may still feel some distance away, the reality is that VoP procurement, integration, testing, and operational readiness take significant time and coordination across technology, risk, payments, and customer experience teams.

Why action is needed now:

✅ Procurement cycles can be long – Vendor selection, due diligence, contracting, and onboarding can take many months.

✅ Integration complexity – VoP isn’t all plug-and-play; it touches payment journeys, fraud controls, and customer channels.

✅ Fraud prevention opportunity – Early adopters are already leveraging VoP signals to strengthen real-time fraud decisioning.

✅ Customer trust impact – A smooth, well-implemented VoP experience will quickly become a competitive differentiator.

💡 Why consider a specialist VoP fintech partner?

As PSPs begin procurement, many are recognising the advantages of working with small, agile fintechs dedicated to Know Your Payee services:

🔹 Deep domain expertise – Specialists live and breathe VoP and EPC scheme requirements, ensuring faster compliance readiness.

🔹 Speed to market – Agile delivery models enable quicker onboarding, integration, and scheme certification.

🔹 Future-proof innovation – Purpose-built platforms are designed to support evolving fraud signals, cross-border VoP, and value-added services.

🔹 Closer partnership model – Smaller providers typically offer more flexibility, collaboration, and tailored support.

🔹 Strategic—not just compliant – They help PSPs unlock VoP’s broader value across fraud prevention, payment assurance, and customer trust.

VoP expertise. Agile by design.

Waiting to start procurement risks compressed timelines, higher costs, and unnecessary operational pressure. The most prepared PSPs are already moving — not just to meet compliance, but to unlock the wider value VoP can deliver.

📌 Now is the time to:

• Start vendor market engagement

• Define your VoP operating model

• Align VoP with fraud and payment strategy

• Secure internal funding and executive sponsorship

Phase 2 is coming fast — and preparation today will determine who treats it as a burden… and who turns it into a strategic advantage.

Apicunia combines the speed and flexibility of a small, agile fintech with deep, single-minded expertise in Know Your Payee services, enabling PSPs to achieve faster compliance, smoother integration, and greater long-term value from Verification of Payee.

For information about our Verification of Payee services contact info@apicunia.com