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aadhar based personal loan

Virtual ID in the Real World

Aadhar Virtual ID

Have you heard about Virtual ID? UIDAI introduced Virtual IDs after facing concerns over security of users’ data. The concerns were raised over security of the users’ data as the Aadhaar number gets saved on whichever platform you put your Aadhaar number. Aadhaar number can be replicated and used anywhere without even letting the user

Significance of Aadhaar in ID Verification of Personal Loan

Significance of Aadhaar in ID Verification of Personal Loan

A few years ago, more than half a billion people in India had no official ID of any kind which made it impossible for them to receive government aids, open a bank account, avail a loan, get a driving license, and so on.  Also for availing services like personal loans, or opening a bank account