Advancing Financial Inclusion through Digital ID

Categories : Digital identity, Technology and Operational Enablers

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Author: World Bank

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.