Registered Business

This account setup option is designed for registered businesses that want to receive payments using Tranzakt.

To begin, you’ll be prompted to complete your account setup. The required information is organized into five (5) sections:

1. Representative Information
2. Representative Identification
3. Business Profile
4. Business Contact
5. Documents
6. Ownership

Representative Information and Identification

This section captures the details of the individual representing the business on Tranzakt. This person acts as the official point of contact and is recognized by Tranzakt as the custodian of the business account. The required information here mirrors what is collected under the Personal Information and Personal Identification sections in the Personal (Starter Business) account setup. Please refer to that section for more information.

Business Profile

In this section, you’ll provide details about the business you want to register on Tranzakt. The required information includes:

• Business Name
• Business Description
• Business Logo (optional): You can upload your business logo if you have one.
• Business Registration Type: Select the legal structure under which your business is registered — e.g., Sole Proprietorship, Partnership, Limited Liability Company (LLC), Corporation (Inc.), Nonprofit, PLC, or Franchise.
• Industry: Choose the sector your business operates in based on your products or services.
• Annual Sales Volume: Indicate how much your business makes in a year.
• Staff Size: Choose the size of your team — 1–10, 10–50, or 50–100.
• Business Website (optional): If you have a website, include the link here.

Business Contact

This section includes how the business can be reached and its physical location. The informaton required here includes

• Business Email Address
• Business Phone Number
• Business Address
• Landmark/Closest bus stop
• Local Government Area (LGA)
• State/Region
• ZIP Code
• Proof of Address

Documents

These documents are used to confirm that your business is legally registered and officially recognized by the government. They help Tranzakt verify that your business exists, operates lawfully, and is authorized to carry out transactions. You’ll need to upload the following:

• Company Incorporation Certificate
• Company Registration Number (RC)
• Tax Identification Number (TIN)
• Proof of Business Ownership: Confirms you’re legally recognized as the owner or representative of the business. (Max file size: 5MB)
• Letter of Approval: An official document from a regulatory body or authority that permits your business to operate or provide specific services.

Ownership

This section captures details about the key individuals who own or manage the business. You’ll be required to provide personal and identification information for each individual to verify ownership and meet regulatory compliance. The details you’ll need to enter include:

• First and Last Name (as shown on their ID)
• Gender
• Phone Number (must be linked to their BVN)
• Date of Birth
• Passport Photograph
• Role at Business
• Percentage Share
• Nationality
• Bank Verification Number (BVN)
• Identification Document Type
• Identification Number
• Document Upload
• Residential Address
• Landmark / Closest Bus Stop
• Local Government Area (LGA)
• City
• State / Region
• Proof of Address

Verification Process

Once you complete your account setup and submit the required information, you’ll need to accept the Service Agreement. After this, your details are sent to Tranzakt for review. A Tranzakt admin will verify the information provided and either approve or reject your account setup based on the review.

If your verification Fails

If there are any issues with the information you submitted, the system will highlight the fields that need correction. You’ll then be prompted to update those details and re-enter the account setup process to provide accurate information.