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Nigerian fintech startups could spend over $1 million on KYC address verification

Following important changes to Know Your Customer processes by the Central Bank, fintech startups must now physically verify the addresses of POS agents (if they offer agency banking services) and all other customers. While the startups will not grumble over the requirements—it was a condition for lifting a six-week freeze on new customer onboarding—several executives…

The post Nigerian fintech startups could spend over $1 million on KYC address verification appeared first on Content Krush.

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