Africa: Why Digital Identity Verification is on the rise
In Africa, there are a plethora of banking prospects. The area is a “sleeping giant” when it comes to having access to conventional bank accounts, online banking, and reasonably priced financial services. Identity Verification APIs are now providing resolutions to the finance sector with their old customer onboarding woes in Africa. The World Bank estimates that 57% of Africans still don’t have a bank account of any type, including a mobile money account.