India Digital Identification Market

India Digital Identification Market Report, Growth, Trends, and Forecast

The financial technology revolution started in India with the introduction of digital wallets and has only expanded since the RBI issued a guideline that allowed video KYC to be used as a valid KYC option in Jan 2020 Video KYC process can seamlessly conduct customer verification and on boarding in far flung areas where physical bank services are absent.

Prior to the pandemic, we already saw a gradual transition towards Video KYC solutions The greater convenience, flexibility, and cost effectiveness of going ultimately video led meant that it would have one way or another become the format of choice for India’s next billion internet users The pandemic and the lockdown have only accelerated this trend This COVID situation has forced them to stay home, pushing the active user base to record numbers in excess of 600 million.