KYC / KYB — Know Your Customer / Know Your Business
Know Your Customer / Know Your Business — identity verification required at account opening. Photo ID + selfie, automated in-app.
Know Your Customer (KYC) and Know Your Business (KYB) are the identity verification processes financial institutions must perform before opening an account.
KYC — for individuals
Snap your government-issued ID and take a selfie. The paype app verifies both automatically using computer vision and liveness detection. Most accounts are live within minutes. No branch visit, no printed forms.
Your verified identity is reusable — verify once and it travels with you across paype services.
KYB — for businesses
Business accounts require company registration documents and verification of all Ultimate Beneficial Owners (anyone holding 25%+ of the business). Each UBO completes their own KYC as part of the process.
Why it’s required
As an agent of two FinCEN-registered MSBs (CCA.SH crypto + popaye.app fiat), paype is legally required to verify the identity of every customer before moving money. This is how the financial system prevents fraudulent accounts, money laundering, and sanctions evasion. KYC/KYB is the front door of compliance.