4 ms·

Most (all maybe?) of the new German banks and fintech products seem to offer it as they have no physical branches, you can often open accounts directly from you

by jamil7 5y ago

Most (all maybe?) of the new German banks and fintech products seem to offer it as they have no physical branches, you can often open accounts directly from your smartphone. Some will offer a way of identifying yourself via a post office with your passport too.

rjzzleep 5y ago
What the person above means is different. If you open an account, nowadays you have to ask someone that already has a Wechat account to scan a QR code to vouch that you are indeed who you claim to be. It doesn't actually do ID identification though and it doesn't have to be a Chinese mainland user. It can be any other active Wechat account. Full ID Identification only works with a China mainland bank account IIRC. What the person above implies is that the other two are on the hook when you start spreading any Government information. I'd assume that the government would investigate anyone in your friend list if you do that though regardless of whether they verified you or not, so it's kind of a minor detail in my opinion.
- jamil7 5y ago
  Got it, thanks for clarifying.
- marderfarker2 5y ago
  Really? I’m outside of China, and signed up for WeChat (for work) but never had to do any of the KYC things. They only took my number to send an OTP. If they ask for KYC in the mainland I suppose it’s understandable since it serves a lot more than a chat app there (payment, SSO for a lot of other services).
  - bellyfullofbac 5y ago
    When I tried to install WeChat because I was going to travel to China, it kept making me verify my account repeatedly, I guess it was because my phone was rooted...
- kgwgk 5y ago
  > What the person above means is different What person? The first paragraph in ev1’s comment (and the ‘liveness’ reference in the reply) are not about ‘vouching’.
ev1 5y ago
This is for the equivalent of Facebook Messenger or playing a F2P game, not fintech - bank requires even more, and linking a "real name ID" IRL bank account anyway.
- sudosysgen 5y ago
  Wechat in the mainland actually does do fintech.

by jamil7 5y ago

rjzzleep 5y ago

What the person above means is different. If you open an account, nowadays you have to ask someone that already has a Wechat account to scan a QR code to vouch that you are indeed who you claim to be. It doesn't actually do ID identification though and it doesn't have to be a Chinese mainland user. It can be any other active Wechat account. Full ID Identification only works with a China mainland bank account IIRC. What the person above implies is that the other two are on the hook when you start spreading any Government information. I'd assume that the government would investigate anyone in your friend list if you do that though regardless of whether they verified you or not, so it's kind of a minor detail in my opinion.

jamil7 5y ago
Got it, thanks for clarifying.
marderfarker2 5y ago
Really? I’m outside of China, and signed up for WeChat (for work) but never had to do any of the KYC things. They only took my number to send an OTP. If they ask for KYC in the mainland I suppose it’s understandable since it serves a lot more than a chat app there (payment, SSO for a lot of other services).
- bellyfullofbac 5y ago
  When I tried to install WeChat because I was going to travel to China, it kept making me verify my account repeatedly, I guess it was because my phone was rooted...
kgwgk 5y ago
> What the person above means is different What person? The first paragraph in ev1’s comment (and the ‘liveness’ reference in the reply) are not about ‘vouching’.

ev1 5y ago

This is for the equivalent of Facebook Messenger or playing a F2P game, not fintech - bank requires even more, and linking a "real name ID" IRL bank account anyway.

sudosysgen 5y ago
Wechat in the mainland actually does do fintech.