Client apply for a merchant account
Merchant fill up an online application form and upload all the necessary documents online at PaymentNetworks.
Application forwarded to bank
Once the completed application is received by PaymentNetworks, we Immediately start the due diligence and forward it to the appropriate bank.
Receive updates from bank
PaymentNetworks has to wait until the bank's update on the merchants application account.
Request KYC mid documents
PaymentNetworks might request more KYC documents in order to get the mid approved by the bank.
Merchant identification number issued
PaymentNetworks received the mid credentials from the bank and sending welcome email to merchant .