Why does Payyo need it?

KYC is not only about compliance; it directly protects merchants by:

• Ensuring legitimate customers and partners use the platform
• Reducing the risk of payment delays, blocked payouts, or frozen funds caused by suspicious activity
• Keeping Payyo trusted by banks and regulators, so merchants’ payments flow without interruption
• Helping merchants avoid unwanted business exposure (e.g., fraudsters or high-risk customers)
• Protects against financial crime
• Ensures compliance with regulations
• Builds trust with merchants and customers
• Allows you to receive payouts securely