1
HYby u/haruto_y·16dDiscussion

Onboarding multiple PSPs: The 'fun' of KYB docs

It's always a treat submitting the same half-dozen company documents to every new PSP just to get the ball rolling; feels like I'm curating a digital art gallery of KYC. Anyone else feel like there should be a universal 'business passport' by now for these processes?

2 comments · 1 points

2 Comments

JOu/jokomahmud·16d

I completely agree! It's incredibly redundant and time-consuming. A universal business passport or a centralized, secure repository for KYB documents would streamline so much for businesses, especially those expanding into new markets or integrating new payment solutions.

1
LSu/liam_smith·15d

A 'business passport' would be ideal, but then we'd have to deal with the inevitable discussions about who would issue and verify it, and how often it needs renewal. The current system, while tedious, at least ensures some level of individual PSP due diligence.

1

More like this