Asset Matrix KYC update | Gobeller

Created by Wired Banking Africa, Modified on Thu, 23 Oct at 3:20 AM by Wired Banking Africa

Dear Partners,


We noticed that some of you received a “BVN required” error message yesterday while trying to create new Asset Matrix MFB accounts.

This occurred due to a recent update implemented by the bank to ensure that only customers with valid BVNs can have virtual account numbers created for them.


To address issues of failed inflows (when funds sent to a customer’s virtual account are reversed or not delivered), customers are now required to complete additional KYC verification.

Please note that some older accounts may still experience similar issues, but all newly created accounts should now function smoothly and accept payments without interruption.


Important:

Kindly navigate to your Customer Management → Manage Settings, and turn off “Prefix” if it is enabled.

This step is crucial to ensure that the customer name matches the BVN record, as any mismatch may cause account creation to be declined due to these new compliance checks.


Should you have any questions or need further assistance, please contact your partner bank or switch to an alternative option available in your settings panel.


The Gobeller Infrastructure Team remains committed to monitoring system performance and ensuring a seamless experience for all partners.


Warm regards,

The Gobeller Infrastructure Team

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article