KYC (Know Your Customer)

Version 1.1 | 31st July 2019

As a Wallets Africa user, you are grouped into one of three levels based on the information you provide us. Information like your phone number, email address, a selfie, your BVN and a valid means of identification all determine how much you get to spend with your wallet.

Based on the level you’re on, there are also three types of limits that can be placed on your account.

The daily limit: is the maximum amount of money you can spend with your wallet in a day.

The monthly limit: is the maximum amount of money you can spend with your wallet in a month.

The daily airtime limit: is the maximum amount of airtime you can purchase using your wallet in a day.

Levels and Requirements

Additional Information

The monthly transaction limit of a user at level 2 can be increased to ₦10,000,000, but only if the user asks for it and shows a copy of their utility bill (bill is reviewed to match name and verify address).