Single KYC in DeeMoney Neo: the Benefits for Customers
Recently, DeeMoney Neo, DeeMoney’s international money transfer app, has launched our single KYC feature! But what is it and what does it mean for you as a customer?
What is Single KYC?
Single KYC is a paperless and digital process that replaces the traditional method of physical verification of several identity documents. It is used for verifying the identity of customers before giving services on DeeMoney Neo.
Single KYC is essential for our identity verification process since it prevents identity fraud and helps prevent money laundering and financial crimes.
From KYC to Single KYC
KYC (Know Your Customer) regulations were established when the Bank Secrecy Act (BSA) was enacted in the United States in the 1970s to combat money laundering.
Single KYC, on the other hand, is the concept that emerged with the spark to transform digital industries, especially international money transfer services. Single KYC makes it easier for everyone to register the DeeMoney Neo application by using only 1 document!
Benefits of e-KYC for Customers
Convenience:
One of the primary benefits of single KYC is convenience. You can verify your identity from anywhere, anytime, through your mobile phones.
This convenience makes the onboarding process faster and easier, leading to a better experience.
Covered:
With single KYC, your data is stored securely and is only accessible to authorised personnel.
Digital identity verification tools make it more difficult for frauds to steal personal information or impersonate an individual.
Cost-Saving:
One surprising fact is that you can save costs with a single KYC!
You don’t need to travel to physical branches, or print out hard copies, which require additional expenses. This can be positive for sustainability and the environment in the long run.
Compliance:
Single KYC provides a secure and efficient way to verify your identity and meet regulatory standards.
With the rise of digital technologies, regulatory requirements have become increasingly strict, requiring businesses to take steps to ensure that customer data is protected and secure.
DeeMoney’s 1 Time 1 Document Single KYC Feature
DeeMoney Neo application for international money transfers provides single KYC verification to make customers’ access to international money transfer services easier.
In our latest update, the single KYC process is even easier. The only thing we require from you is basic information and 1 document!
Thais
The only document you need is your Thai National ID Card. This means that there is no need to upload multiple documents, and the process can be completed quickly and easily.
Foreigners
Those without a Thai National ID Card can use their passport with an NFC chip (Near Field Communication chip) for the single KYC process. You can find an NFC chip on the cover of most modern passports.
If you do not have NFC on your passport, no worries!
You can still benefit from the convenient single KYC process by uploading your passport and another government-Issued document such as a work permit, visa, or government-issued ID from your home country.
How to Complete Single KYC Online?
To complete the single KYC for customers is simple. Here’s the simple steps!
Step 1: Enter Your Basic Information
You can enter your basic information on the DeeMoney Neo application instead of filling in a paper form.
The essential information you need to enter are your name, address, date of birth, and mobile number in the required fields.
Step 2: Upload Your Document
Instead of wasting your time and money on making a copy of your documents, all you need to do is upload a picture of your document.
You don’t even need to scan the document beforehand but only take pictures of it.
Step 3: Consent for Single KYC
The important step before everything is done is to click consent for Single KYC. This will authorise our compliance to access your information and verify it with the details provided in the documents.
Step 4: Wait for Verification and Done!
It will take time for the compliance to review your information and supporting documentation to confirm your identity. We will complete your single KYC verification if all is in order.
DeeMoney’s 1-Document e-KYC Feature
DeeMoney Neo application for international money transfers also provides e-KYC verification to make customers’ access to international money transfer services easier.
In our latest update, the e-KYC process is even easier. We require your information and one of your documents only!
Thais
The only document you need is your Thai National ID Card. This means that there is no need to upload multiple documents, and the process can be completed quickly and easily.
Foreigners
Those without a Thai National ID Card can use their passport with an NFC chip (Near Field Communication chip) for the e-KYC process. You can find an NFC chip on the cover of most modern passports.
If you do not have NFC on your passport, no worries!
You can still benefit from the convenient e-KYC process by uploading your passport and another government-Issued document such as a work permit, visa, or government-issued ID from your home country.
Want to Make Your International Money Transfer Easier?
Are you looking for an easy, seamless, and secure way to transfer your money from Thailand to the world? Look no further than DeeMoney Neo!
DeeMoney Neo provides customers with a 1-document e-KYC, making it easier than ever to make international money transfers. Just submit your document one time and transfer without paperwork forever.
Interested? Click on this image to learn more and download DeeMoney Neo!
