Digital identity apps will witness a significant growth
Number of digital identity apps to grow by over half by 2025. Source: pixabay.com
Juniper Research has found that the number of digital identity apps in use will exceed 6.2 billion in 2025, from over 1 billion in 2020.
Besides, civic identity apps will account for almost 90% of digital identity apps installed globally in 2025.
They will overtake the number of digital identity cards in use in 2023, with the number of apps in use 41% higher than cards by 2025.
This rise will be driven by the increasing use of civic identity in emerging markets and the lasting impact of the pandemic.
The report identified that the shift to digital services during the pandemic globally will stimulate fast growth in civic identity; growing by 467% between 2020 and 2025, as robust onboarding and verification for digital services become vital.
We’ve reported that Accertify?has announced?the launch of Digital Identity solution to help organizations deal with the growth in fraudulent online account openings and account takeovers.
SEE ALSO:
Pay Space
Our editorial team delivers daily news and insights on the global payment industry, covering fintech innovations, worldwide payment methods, and modern payment options.
