When signing up as a Nigerian business, we request that you provide your Bank Verification Number (BVN). The BVN is an 11-digit number used nationwide as an identity verification tool. Each person has a unique BVN, linked to your name, phone number, and bank accounts. Here's why we need you to provide this information:
Why do we ask for this information?
This information helps us confirm your identity, and approve your business as fast as possible. We use your details only for identity verification purposes, and we do not share your details with any external parties. Remember Paystack is a licensed financial institution licensed by the Central Bank of Nigeria so your details are safe with us.
Is my data secure?
Absolutely! Your data is protected by the same bank-level security systems that protect the money processed through Paystack. We’re a PCI-DSS certified financial institution and we take privacy, security, and confidentiality extremely seriously. Trust is a precious thing, and we at Paystack work hard to be worthy of your trust, every day.