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KYB helps Tazapay understand more about your business. Know Your Business (KYB) is an integral part of the onboarding process before any merchant can fully utilise Tazapay’s services. KYB is an identity verification regulatory requirement that all financial service providers need to fulfil in order to prevent money laundering to take place in their payments ecosystem. As a payments platform, Tazapay would need to have identity verification of all owners and beneficiaries of a business that have a more than 25% stake in the company.
To learn more about why KYB is required, feel free to check out our FAQ.
You will be prompted to complete your KYB as soon as you create an account (or add a business) on Tazapay. For a business entity, we require:
  • Business Name
  • Country
  • Address Proof
  • Incorporation Document
  • Details of Representatives, Directors and Ultimate beneficial owners (UBOs)
For Representatives/Owners (>25% shareholding) of a business entity, we require:
  • First Name
  • Last Name
  • Role in the business
  • Residence Country
  • Proof of Identity
  • Proof of Address
  • Ownership percent in the business
For businesses where no-one owns more than 25% of the company, please upload a signed declaration that no-one owns more than 25% of the company.