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Advancing Financial Inclusion through Digital ID

In Peru, a public–private initiative uses the country’s national ID system to verify users of a cellphone money platform – allowing small traders to do business simply, securely and without cash.

In this case study you will meet Maria – she’s a small business owner who was initially hesitant in signing up to Peru’s e-wallet app, BIM. But now she uses the service at business and home to pay bills, contractors and her taxes. Signing up was easy: all she needed was her cellphone and national ID number. In Peru, each citizen has a unique ID number provided through the National Registry of Identification and Civil Status (RENIEC), which uses biometrics, such as fingerprints, to authenticate a person’s identity.

Her story is a good example of the interoperability of digital ID systems which also ensure security. This video is part of the #EveryID Has A Story series from the World Bank’s ID4D initiative.

World Bank
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

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