What is Plzlogin?
Plzlogin is a set of authentication APIs for businesses to verify individuals and organizations in real-time. It will handle the KYC process for online platforms, thus removing the verification workload for the platforms.
Starting in 2020, we are required to verify the PIC for each Billplz account too (not just the organization). We understand your concern and we are aware our KYC method might not be as per what you are familiar with.
The typical verification process is to ask for a copy of MyKad. However, the copy can be forged (if via online) and the manual process of confirming it is time-consuming and costly. Therefore, we request the PIC's bank account number instead. The verification process will be similar to how we verified your Billplz account (previously). The system will transfer RM0.01 sen to the Individual bank account. MyKad number can be automatically verified if the transfer is successful. Not to mention banks had already done an excellent KYC on the Individual.