Identity & KYC Tiers

KYC Verification Policy

Dag Global Limited implements a tiered KYC system to ensure secure transactions while complying with Central Bank of Nigeria (CBN) regulations.

1

Tier 1 (Basic)

Requirements

Phone Number & BVN verification.

Transaction Limits

Daily Transaction: ₦50,000 · Wallet Balance Max: ₦300,000 · Single Transfer Limit: ₦20,000.

ℹ️ Instant activation upon sign-up.
2

Tier 2 (Standard)

Requirements

Tier 1 details + Government-issued ID (NIN, Driver's License, International Passport, or Voter's Card) + Selfie photo.

Transaction Limits

Daily Transaction: ₦500,000 · Wallet Balance Max: ₦1,000,000 · Single Transfer Limit: ₦100,000.

ℹ️ Requires manual verification (typically approved within 1-2 hours).
3

Tier 3 (Enterprise)

Requirements

Tier 2 details + Corporate Affairs Commission (CAC) registration documents + Utility Bill (issued within the last 3 months).

Transaction Limits

Daily Transaction: Unlimited · Wallet Balance Max: Unlimited · Single Transfer Limit: Unlimited.

ℹ️ Designed for corporate agencies, high-volume VTU resellers, and developers.

Verification Protocol & Security

• BVN Verification: Bank Verification Numbers (BVN) are checked via an automated gateway approved by the CBN. Checking your BVN is strictly for confirming your identity (Full Name, Date of Birth, and Registered Phone Number). It does NOT grant Dagpay access to your bank accounts or balances.

• NIN Integration: We utilize official APIs connected to the National Identity Management Commission (NIMC) database to confirm National Identification Numbers.

• Data Security: In accordance with the Nigeria Data Protection Act (NDPA 2023), all uploaded identity cards and verification data are stored in highly secure, AES-256 encrypted servers and are never shared or disclosed to external parties.

Ready to upgrade your limits?

Log in to your reseller dashboard and navigate to Account Settings to submit your identity verification documents.

Verify Identity Now