3. KYC (Know Your Customer)

Loompay uses a tiered verification system that maintains compliance while optimizing the user experience.

KYC is only triggered when users choose to activate their Physical Card or upgrade their spending limits, ensuring a seamless and low-friction onboarding experience.

Level	Verification Requirement	Daily Limit	Features Unlocked
Level 0 (Pre-Issued)	Email + Wallet login	$2,000/month	Pre-issued card, USDT or crypto deposit. Activate virtual card, fiat transactions.
Level 1	ID (National/Passport). Advanced (Address Proof + Selfie)	$10,000 - Unlimited/day	Physical card, ATM withdrawals, staking

Highlights:

• AI-based verification with under 60-second approval.

• ISO/IEC 27001 certified identity provider.

• Automatic tier transitions as user activity grows.