The Unique Identification Authority of India (UIDAI) has released the API for electronic Know Your Customer (KYC) verification, reports Pluggd.in. Currently, customers provide verification for the Proof of Identity (PoI) and Proof of Address (PoA) in physical documents, which is a key requirement for access to financial products (payment products, bank accounts, insurance products, market products, etc.), SIM cards for mobile telephony, and access to various Central, State, and Local Government services. In order to go paperless, UIDAI now provides an e-KYC service, through which the KYC process can be performed electronically. As part of the e-KYC process, the resident can authorize UIDAI (through Aadhaar authentication) to provide their basic demographic data for PoI and PoA along with their photograph (digitally signed) to service providers. For the same, UIDAI has released e-KYC API (pdf) for the service providers so that they can provide a paperless KYC experience by using e-KYC…
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