Video KYC Can Help in Financial Inclusion
The path to achieving the goal of financial inclusion has just become a lot smoother thanks to the arrival of Video KYC. There are remote areas where people had a problem earlier accessing the banking services as there was no bank available and the nearest branch was miles away. So, to cross such a vast distance to access basic banking services was a mammoth task. However, such issues could be handled as Video based KYC identification is now a reality. Whether you are a small business owner who needs a bank loan or, a working professional planning on getting a credit card, you can fulfill your requirement regardless of your location, as Video KYC helps bridge every gap while making the verification procedure faster and smoother. Video KYC emerged at a time when the entire nation went under lockdown. That situation forced people to go virtual to carry out all of their financial activities, this no doubt helped people realize the significance of going digital. Since Video KYC had a