Why does Palremit ask for my details during KYC?
Palremit collects standard KYC data like full name, ID, and contact details, as well as biometric information, in order to verify the identity of its users before allowing them to access the full range of our financial solutions.
This is done to comply with anti-money laundering (AML) and counter-terrorist financing (CFT) regulations, as well as to help prevent fraud.
Palremit requires users to provide the following personal information and documentation in order to complete the mandatory KYC verification.
- Selfie photo
- Bank Verification Number (BVN)
Other information we collect:
- Full name
- Date of birth
- Address
- Phone number
- Email address
- Gender
- Photo ID (such as a passport, driver’s license, or national ID card)
- Selfie photo for biometric facial recognition