KYC levels for Individual User

The TransFi widget may prompt KYC requests based on transaction risk, user location, and transaction amount. Depending on these factors, users may first be required to complete Standard KYC and, if necessary, proceed to Enhanced KYC at a later stage.

On a very high level (This can vary based on geo)

1. Basic KYC / Level 0 - User's basic information such as First Name, Last Name, DOB, Country, Email, Phone and Address (To be submitted during user account creation).
2. Standard KYC / Level 1 - ID doc, Selfie, Address, Phone number
3. Enhanced KYC / Level 2 - Proof of source of funds (PSoF), Address proof

Also there are transaction limits beyond which each KYC kicks in. It can be at a per transaction amount, sum of all transactions in a day, sum of all transactions in a month.

If the transaction limits are exceeded while placing an order, the user will be redirected to complete standard or advanced KYC verification.

For exact thresholds, please connect directly with the BD Manager or email us at [email protected]