How to FICA from a Retail Store
Congratulations on purchasing your iKhokha card machine from one of our retail partners! Now, let's get you FICA approved...
All You Need to Know About FICA
As one of SA's fastest-growing FinTech companies, we are determined to bring financial inclusion to all our merchants. First, we need to ensure that you are FICA approved!
Take a look at the following FICA information to get started.
Financial Intelligence Centre Act: FICA was introduced on the 1st of July 2003 to protect businesses and individuals against financial crimes. As a provider, we are required by law to FICA your business to protect your business, our business and South African consumers.
How to get FICA approved
Simply send your FICA documents to the online sales email address in order to get FICA approved:
game@ikhokha.com
makro@ikhokha.com
builders@ikhokha.com
Speed Up Your Application
Please put the following information in your subject line:
- Store branch
- Device serial number (find it on the back of your card machine)
- Your contact number
Example: Game Gateway 1910002511 (072 222 7000)
Once sent, we'll get back to you with confirmation of your FICA status.
FICA requirements
To activate your iKhokha card machine, please provide the following documents:
| Sole Proprietors: |
Business (PTY, CC, Inc): |
- Business name
- Contact number
- Type of business (e.g. hair salon, bakery, etc.,)
- Clear picture of your original ID
- Selfie holding your ID open on the first page
- Bank statement or Account Confirmation Letter
- Proof of address with your name (Municipal Bill, Bank Statement, Rental Agreement or Affidavit)
- Device serial number (Check SN on the back of your device)
|
- Business name
- Director’s contact number
- Type of business (e.g. retail store, restaurant, etc)
- Copy or clear picture of a director's original ID
- Selfie of the director holding their ID open on the first page
- Business bank statement or business Account Confirmation Letter
- Proof of business address , Municipal Bill, Bank Statement, Rental Agreement or Affidavit
- CIPRO or Business Registration Docs
- Device serial number (check SN on the back of your device)
|
| Business (NPO, NPC): |
Trust, Partnership, legal entity or other legal persons: |
- Business name
- Director's contact number
- Type of business (e.g. social or recreational club, trade, charity)
- Copy or clear picture of a director's original ID
- Selfie of the director holding their ID open on the first page
- Business bank statement or business Account Confirmation Letter
- Proof of business address (Municipal Bill, Bank Statement, Rental Agreement or Affidavit)
- CIPRO or business registration docs
- Constitution/Finding Docs
- Device Serial number (Check SN on the back of your device)
|
- Business name
- Director's contact number
- Type of business (e.g. school, church, social club, etc.)
- Copy or clear picture of a director's original ID
- Selfie of the director holding their ID open on the first page
- ID copies of all board members/ directors
- Business bank statement or business Account Confirmation Letter
- Proof of business address (Municipal Bill, Bank Statement, Rental Agreement or Affidavit)
- CIPRO or Business Registration Docs
- Constitution/Founding Docs
- Device serial number (SN on the back of your device)
|
Why We FICA
FICA protects you from financial crimes such as:
- Money laundering
- Corruption
- Terrorism financing
- Tax evasion
You have to be FICA approved before you can trade with an iKhokha card machine.
Consequences for non-compliance
Since FICA is a legal requirement, consequences for you and iKhokha for non-compliance are:
- A R100 million penalty or up to 15 years imprisonment for your company's directors.
- iKhokha may also either be fined R100 million or lose its FICA license.
For more information on FICA, please visit https://help.ikhokha.com
