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Pantami Appraises NDEPS Implementation, Says it Has Significant Impact on Nigeria s Economy
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New Bankserv report maps South Africa s digital identity journey
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displaced populations, including refugees.
Trend 3. The more Mobile Operators invest in digital customer onboarding processes, the more they find that they can leverage them to offer commercially-sustainable, yet socially-impactful, Digital ID services.
91% of MNOs with digital SIM registration and mobile money KYC processes feel that knowing their customers better allows them to offer more personalised services that could drive financial inclusion among underserved communities;
61% of MNOs are keen to work with Digital ID innovators to launch new products and services for their customers; and
Enabling policy environments are key. MNOs that are confident they can reap the benefits of digital ID verification are investing, on average, 250% more in their SIM registration/KYC on-boarding processes.
Blog | blog | Digital Identity
As Governments continue to accelerate the pace at which they are digitally transforming their economies, building an inclusive and robust Digital ID ecosystem has never been so important. At the same time, as mobile is the predominant platform through which most people participate in a digital economy,
But not all ID systems are well-equipped to support financial inclusion or a transition to digital services; this requires intention and careful design.
An estimated one billion people worldwide typically the most marginalised and vulnerable groups–lack official proof of their identity. Many more have forms of ID that are insecure or untrusted, or live in countries where these systems are ill-equipped to support service delivery, used in ways that compound inequalities, or fail to adequately protect personal data.