[sudshekhar]

We have to do the passport verification since we're providing you with a prepaid wallet, which can be used to store funds and make purchases in India.

Companies like Wise power Remittances i.e. you can send money to a person in India from USA using their facilities.

However, this cannot be used to make purchases from merchants. Nor are you guaranteed your money will be delivered within 2 minutes in case of cross-border remittance.

Because Cheq actually opens a new Indian wallet, we must do the passport verification. Regulations are pretty specific in this regard currently.

Rest assured though, when you try to open your Cheq wallet today, your details will only ever be seen by White collared staff on direct Payroll of Transcorp. The agent only takes a photo of your passport for our records (no paper copies of your details are stored).

We'll keep trying to improve the onboarding experience in the coming years for sure.

[wmf]

There are KYC APIs that can do identity verification for you.

[kobiguru]

Fintech in India is hard by design. harder still when it involves cross boarder payments. I trust what they are saying about RBI regulations, not following them to the letter means death.