What is Know Your Client (KYC)?
Know Your Client (KYC) is a standard practice in the investment and financial services sectors that impacts access to products and services, as well as transaction limits.
Why is it important to verify customers in the financial services industry?
Verifying customers is crucial for managing risk, complying with laws, preventing fraud, offering suitable services, and protecting customers.
What KYC level do I need to be on to get a Mukuru Card?
To qualify for the Mukuru Card, you need to be at KYC level 3, also known as KYC Core. To be registered at this level, you simply need your South African ID or a valid passport.