Tuesday, 2 May, 2023

How countries are leveraging digital IDs for banking, including India

Countries around the world, including India, are increasingly using digital IDs for banking services. Digital IDs enable users to authenticate their identity and access financial services securely and conveniently. India's Aadhaar system has been instrumental in enabling digital ID-based banking, with several banks and financial institutions now offering services such as account opening, loan applications, and fund transfers through the Aadhaar platform.