Know Your Customer (KYC) Standards

To ensure a secure educational financial ecosystem, School Fees Pay (SFP) requires mandatory identity verification for all participating entities.

1. Institutional Verification (Schools)

All educational institutions must provide the following corporate documentation for account activation:

Legal Documents
  • Certificate of Incorporation
  • GES Registration Certificate
  • Valid Tax Clearance (TCC)
Operational Documents
  • Proof of School Premises (Utility)
  • Authorized Signatory Ghana Card
  • Bank Settlement Confirmation
2. Individual Verification (Parents/Guardians)

In accordance with the Payment Systems and Services Act, 2019, individual users processing payments above threshold limits must complete identity verification:

Mandatory: Ghana Card (NIA)

The Ghana Card is the only primary document accepted for identity verification. Data is cross-referenced with the NIA database in real-time.

3. Verification Timelines

Instant

Ghana Card Check

24h

Document Review

100%

Encrypted Storage