Operating with Absolute Legal Clarity.
KoriePay is fully licensed, regulated, and insured across our operating corridors. We work directly with Central Banks to ensure total compliance.
Nigeria Jurisdiction
Central Bank of Nigeria (CBN)
Licensed to operate as a Payment Solution Service Provider (PSSP) and Mobile Money Operator (MMO).
Nigeria Deposit Insurance Corporation (NDIC)
All pass-through deposits and wallet balances held in Nigerian partner banks are fully insured by the NDIC.
Financial Intelligence Unit (NFIU)
Full adherence to AML/CFT reporting standards. Automated daily rendering of suspicious transaction reports (STRs).
Niger / WAEMU Jurisdiction
BCEAO (Central Bank of West African States)
Approved to issue electronic money and operate payment networks within the West African Economic and Monetary Union.
CENTIF (Niger)
Fully compliant with the National Cell for Processing Financial Information to combat money laundering and terrorism financing.
Institutional KYC Pipeline
KoriePay utilizes an advanced, multi-tiered KYC (Know Your Customer) pipeline. Regional managers must manually verify Tier-2 and Tier-3 agent documents against national ID databases (NIN in Nigeria, NINA in Niger) before grid access is granted.