Merchant Onboarding API enables merchants to onboard swiftly, reducing administrative overhead and accelerating the time to market. It seamlessly integrates with existing systems, allowing businesses to leverage Instantpay's cutting-edge features without disruptions to their operations. The API facilitates secure and compliant onboarding processes, incorporating identity verification and documentation checks.

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Due Diligence & Enhanced Due Diligence Process
Due Diligence & Enhanced Due Diligence Process for Services as AePS, Payout etc…
Customer Due Diligence (CDD) represents a straighƞorward procedure designed to adhere to KYC
documentation. It can be executed remotely and digitally, incorporating specific checks and balances
to validate the customer's identity.
Enhanced Due Diligence (EDD) stands as a KYC process that involves a more thorough examination of
potential customers or business partners. This heightened scrutiny is based on insights provided by
the risk team.
EDD surpasses the scope of CDD, aiming to establish a more robust level of identity assurance by
acquiring additional information from the customer. This process involves the following steps:
Physically verify the business location and meet the business owner/ merchant, ensuring alignment
with the authorized person as per KYC.

Obtain self-attested copies of Aadhaar and PAN cards.

Capture a photo of the user along with their shop.

Capture a selfie with the field team for verification purposes.

Seek consent from the field team regarding the genuineness of the user for unblocking.

Additionally, avoid processing for customers falling under the categories of:
a. Politically Exposed Persons (PEPs)
b. Individuals with dubious reputations
c. Customers associated with industries classified as high-risk
It is recommended to physically verify the store through the field team and request the submission
of the specified documents as part of the Enhanced Due Diligence process.