PumaPay’s new onboarding process is now fully AML & KYC compliant -pumapay.io

PumaPay’s new onboarding process is now fully AML & KYC compliant!

We are proud to announce that PumaPay’s new onboarding process is now fully KYC compliant!  


After the implementation of the new European Fifth Anti-Money Laundering Directive (EU 5AMLD), we have updated our onboarding process to include a Know Your Customer (KYC) process.  


The registration process for the PumaPay Mobile Wallet app now asks new users to provide proof of a government-issued ID, proof of address, and you will need to confirm both your mobile number and email address.  


Our onboarding process can be easily completed in no time directly through the app. All submitted documents are reviewed within one working day and full access is usually granted immediately. 


While you can use your PumaPay Wallet to safely store and receive your coins, until you’ve verified your profile, you’ll have limited access to the rest of the services and wallet features on offer, such as exchanging your coins or creating new subscriptions. 


Under this new legislation, we are able to create a safe and secure environment for all our valued users while also maintaining their privacy, with the transaction details only known to the parties involved.  


As well as being anti-money laundering (AML) compliant, the PumaPay PullPayment Protocol also adheres to Payment Card Industry Data Security Standard (PCI DSS), Customer Due Diligence (CDD), and General Data Protection Regulation (GDPR) legislations. So, whether you’re a customer looking to fully secure your digital assets or a business wanting to accept cryptocurrencies safely, you can rest assured that PumaPay has your back! 


Want to learn more about how you can safely accept crypto payments in your online business? 


Contact the PumaPay team today for your free consultation! 

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