We are required to collect Bank Verification Numbers (BVN) from all vendors joining our platform. This requirement is not optional – it's a mandatory regulatory compliance measure established by the CBN to ensure transparency and security in financial transactions.
Your BVN submission serves multiple vital purposes:
Identity Verification: The BVN helps us verify your identity as a vendor, ensuring you are who you claim to be. This protects both your business and our platform from potential fraud.
Regulatory Compliance: By providing your BVN, you help us maintain compliance with CBN regulations, which allows us to continue providing our services legally and securely.
Rest assured that your BVN information will be handled with the utmost confidentiality and used solely for regulatory compliance and identity verification.