Know Your Customer is a system that lets us verify your identity so that we can comply with PayrNet’s anti-money laundering requirements.
What does that mean for E.U. users?
Plum Fintech CY Ltd. customers must verify their identity to continue setting money aside with Plum once they reach a certain threshold in money deposited with Plum.
You will need to upload a picture of your ID (either a passport, driver’s licence or national ID card) and complete a Facial Similarity Check by taking a short video of yourself repeating a security message.
What happens next?
If you uploaded a document as part of our previous KYC process, then you may be asked to re-verify your identity to comply with these newly updated requirements.
What else do you need to know?
Plum Fintech CY Ltd. is an electronic money distributor on behalf of PayrNet UAB (“PayrNet”).
Plum Fintech CY Ltd. has partnered with Fino run GmbH (‘Fino’), a payment institution which allows you to see details of the balances and transactions from your linked accounts, and to initiate payments from them.