Compliance & Regulatory Framework
Trust and compliance are at the foundation of everything we build at TransAfrik Remit.
Our regulatory approach
TransAfrik Remit is currently building a compliant, partner-led remittance platform.
Services may be provided directly or through appropriately licensed partners, subject to regulatory requirements.
How we protect you and your money
Our compliance framework is designed to meet international standards and local regulatory requirements.
Know Your Customer (KYC)
We implement robust identity verification processes to ensure all users are properly identified before transacting, in line with international best practices.
AML Monitoring
Anti-money laundering controls and ongoing transaction monitoring help us detect and prevent illicit financial activity on our platform.
Transaction Screening
Every transaction is screened against sanctions lists and watchlists to ensure compliance with global financial regulations.
Licensed Partner Structure
Services may be provided directly or through appropriately licensed partners, subject to regulatory requirements in each jurisdiction.
Data Protection
We are committed to protecting customer data in accordance with applicable privacy laws, including POPIA in South Africa.
Customer Protection
Clear terms, transparent fees, and accessible support channels ensure our customers are informed and protected at every step.
Important notice
TransAfrik Remit does not claim to be licensed by the South African Reserve Bank or any other regulatory authority at this time. We are building our platform in consultation with regulatory requirements and through partnerships with appropriately licensed entities.
Financial services in South Africa are regulated under the Financial Sector Regulation Act and related legislation. Remittance services may require authorisation from the South African Reserve Bank and/or the Financial Sector Conduct Authority.
TransAfrik Remit is committed to operating within the regulatory framework applicable to its services. As we progress toward launch, we will provide updated information about our regulatory status and licensed partner arrangements.
If you have compliance-related questions, please contact us at info@ipaygo.co.za.
Questions about compliance?
Our team is happy to discuss our regulatory approach and partner structure.