5 Best Practices for Identity Verification in Africa: A Guide for Product Managers
Identity verification is an essential component of many online platforms and mobile apps, particularly those in industries such as finance, e-commerce, and healthcare. In this guide, we’ll explore some best practices for implementing identity verification in Africa and discuss some of the regulatory challenges product managers face. The Importance of Identity Verification in Africa Africa […]
The Benefits of Address Verification for Cross-Border Transactions in Fintech
Cross-border transactions are essential to the growth of fintech startups in Africa. However, these transactions can be risky due to fraud and errors that may occur during the process. For example, take John, an online merchant in Nigeria, who faced a significant challenge in processing cross-border transactions due to incorrect or incomplete address details provided […]
The True Cost of Identity Verification Services in Nigeria.
Identity verification is a crucial component of doing business in Nigeria. It ensures that individuals and businesses are who they say they are, so you can be compliant and prevents fraud, money laundering, and other illegal activities. However, the cost of identity verification can be a barrier for tiny and medium-sized enterprises. At Verified.africa, we […]
Verified Gazette: February 2023 Roundup
In our last roundup, we announced the launch of the address verification service for Nigeria and reflected on our biggest wins for 2022. Our updates for the month of February include the VNIN verification service, learning resources for you and an upcoming change to our pricing model. Scroll down for all the details! NIN, NIN, […]
How the Best Product Managers in Africa Build Secure Products for FinTech.
Product managers in Africa are like music conductors in an orchestra who work with different people to create beautiful products. It’s similar to the work of a product manager, as they work with others who bring different expertise. The end goal is to build valuable products for customers and the business. Product managers also look […]
Where is Nigeria’s Digital Economy Headed?
Nigeria’s digital economy has been rapidly expanding in recent years, with the country currently ranking as the largest digital economy in Africa. As businesses and individuals continue to embrace digital technologies, there is a growing need for reliable and trustworthy services to ensure online safety and security. Verified.africa, a Nigerian-based background check service provider, is […]
How to Perform Guarantor Verification on Verified.africa for Individual and Business Security
Conducting a guarantor verification is the process of verifying the identity and suitability of a guarantor, for an individual or for a business. A guarantor is a person who takes the responsibility for the payment of a debt or fulfilling an obligation on behalf of another person. Verifying the details of a guarantor helps to […]
How to Perform fast VNIN Verification in Nigeria from NIMC with Verified.africa
The National Identity Management Commission (NIMC) launched the VNIN feature in Nigeria on the 1st of October, 2022, as part of its Mobile Web Services platform, to provide a more secure and convenient way for Nigerians to verify their identities. The Virtual National Identity Number (VNIN) is a 16-digit set of alphanumeric characters that can […]
How to Create an Account on Verified.africa in Nigeria with Just a CAC Document
To create an account on Verified.africa is a quick and straightforward process. Our platform provides businesses with an efficient and secure way to verify the identities, addresses and other vital information of their customers during the KYC process, which is essential for reducing the risk of fraudulent activity. In this article, we will go over […]
How Aella Credit Uses Verified.Africa to Onboard Customers with KYC Compliance
Aella Credit, a Nigerian Fintech company providing instant credit and payment solutions, faced a common problem among businesses: slow and inefficient identity verification. This was a major hindrance to the smooth operation of their business, as customers in need of loans often required them as soon as possible. Because of this, Verified.Africa stepped in to […]
