KYB (Know Your Business): is a process used to verify the identity and legitimacy of a business entity, similar to KYC (Know Your Customer) but focused on companies rather than individuals.
It involves checking business details such as registration, ownership, and financial status to prevent fraud and ensure regulatory compliance. Organisations who are looking to take payments from customers would need to pass a number of KYB checks as part of the onboarding process. Then they are able to offer a range of payment channels