WHAT IS KYC?
KYC stands for “Know Your Customer.” It is a procedure that all businesses must follow in order to identify the customers with whom they do business. Before businesses enter into a business relationship with a customer, some form of KYC is done, and incremental KYC is completed during the business exchange.
KYC includes gathering basic information such as the customer’s name, phone number, email address, and home address, as well as gathering more private information and verifying this personal data. In order to get to know you better, we need to collect information such as full name, date of birth, gender, phone number, and Bank Verification Number. Bank account name and number
WHY DOES THE KYC PROCESS EXIST?
KYC is a method of identifying and verifying a customer’s identity through an independent and trustworthy source of documents, data, or information. The main goal of KYC is for us to know who we’re doing business with and to help us serve you better. It also aids us in the management of criminal activities such as money laundering, fraud, and other corruption-related activities, allowing us to keep your funds safe.
IS MY INFORMATION SAFE?
Absolutely!! We maintain 100% confidentiality, keeping all relevant information safe. So you have nothing to worry about.
HOW CAN YOU COMPLETE YOUR KYC PROCESS ON THE ZIING APP?
To complete this process, you must provide the following documents:
· Passport photograph and signature
· Your means of identification; This allows us to obtain basic information such as your name, home address, and even your date of birth. It is entirely dependent on the type of document provided. National identification cards, voter’s cards, driver’s licenses, or international passports are all acceptable forms of identification.
· Proof of residency; This document provides an answer to the question “where do you live?” It is a document that confirms your contact information, specifically your home address.
· BVN: This information basically helps us “dot the Is and cross the Ts”. Simply put, it helps us verify all the personal information you have provided, ensuring that they are accurate.
You now understand the significance of the KYC process. Essentially, it is for your safety and to ensure that you get the most out of the Ziing app.
Have you completed your KYC on the Ziing app?
IF YOU HAVEN’T, LOG INTO THE ZIING APP TODAY AND LET’S GET TO KNOW YOU.