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Thamsanqa Mgwaba's avatar

Manje what’s an kyc?? Abbreviations must be used after the full word like u did with edcg, but good straightforward piece , u teaching the likes of us who know nothing about this new world

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Mansa's avatar

Good point.

KYC stands for Know Your Customer. It’s a procedure where companies require their customers to fill out documents and submit proof of ID and proof of registration documents. The company will then run a background check on the customer to determine if the customer isn’t involved in any illegal activities before company and customer engage in business transactions.

Thanks for reading! 👊🏾 I’m trying to share as I learn as well

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