Browsing: Digital ID

Digital ID Africa Financial Inclusion

Digital ID Africa Financial Inclusion

We can all agree that there is a possibility in the future, for anyone who can’t be digitally identified, the opportunity to access services are slim to none, especially financial services.  

A digital ID is a form of identification where an individual can be known via remote means over digital channels. This features a high degree of verification and authentication, uniquely formed with individual consent and also observes user’s privacy and control over personal data. The latter, user privacy is a matter of a different discussion, but for now, the digital inclusion of an individual is paramount to create an electronic footprint in today's globally connected world.  

At present, there are more than 1 billion people who are not legally recognized as they bear no form of any identity (ID). According to World Bank 2018 estimates, almost 48 per cent of these “unknown” individuals exist