Cashfree Digital Onboarding provides a complete KYC stack for digital onboarding that streamlines user onboarding and identity verification in full compliance with regulations. The solution helps businesses reduce customer drop-offs, prevent fraud, and cut costs.
| Metric | Value |
|---|---|
| Success Rate | >99% |
| Uptime | 100% |
| Monthly Verifications | 100M+ |
| Reduction in Onboarding Drop-offs | 50% |
| Response Time for >90% Requests | 1 second |
Verify Aadhaar of users instantly via OTP flow for user consent.
Mask the first eight digits and block QR code of Aadhaar Card before storage.
Scan Aadhaar Card images to fetch and pre-fill details during onboarding.
Gain consented access to users' Aadhaar Card stored in DigiLocker.
Send, track, and request Aadhaar-holders to eSign documents.
Verify provided PAN of an individual or business in real-time.
Scan PAN card image to fetch and pre-fill details during onboarding.
Authenticate Driving License Number during onboarding and background checks.
Verify EPIC number and fetch complete details including assembly and parliamentary constituency details.
Verify Passport File Number and DOB during onboarding and background checks.
Compare faces between two images or IDs via AI-powered solution.
Verify if the customer is genuine and screen out spoofs, frauds and bots instantly.
Convert a given pair of latitude and longitude to get a readable address location.
Verify bank accounts details and account-holder name with high accuracy.
Digital Onboarding Solution empowers businesses across multiple industries:
Ensure compliance and secure investor authentication to prevent fraudulent activities.
Quickly verify borrower identities to reduce the risk of default and fraud.
Authenticate policyholders to streamline claims processing and minimize fraud.
Verify user identity, ensure payouts to the right beneficiaries and enhance user experience.
Confirm buyer and seller identities to enhance trust and security in transactions.
Accurately verify candidate identities to ensure a trustworthy hiring process and faster employee onboarding.
Securely verify customer identities to comply with KYC regulations.
Confirm user identities to enhance platform trust and safety.
Verify player identities to comply with regulations and prevent underage access.
Bank Account Verification API returns detailed verification results:
{
"status": "SUCCESSS",
"subCode": 200,
"message": "Bank account details verified successfully",
"data": {
"bvRefId": 123456,
"nameAtBank": "JOHN DOE",
"accountExists": "YES",
"bankAccount": 26291800001191,
"ifsc": "YESB0000262",
"utr": 12341234123,
"nameMatchScore": 100,
"nameMatchResult": "DIRECT_MATCH"
}
}
"What we really like about Bank Account Verification feature is that it's extremely quick, and real-time. This feature helped us enhance the user experience - making the document approval and beneficiary onboarding very seamless."
"Cashfree Verification Team has built an amazing stack and launched some pioneering products like UPI 360. Having worked with more than 10+ players in this space, I can say that they are one of the most innovative players!"
Some challenges online businesses face during user onboarding include:
For an NBFC (Non-Banking Financial Company) platform in India, onboarding requirements typically include:
For gaming platforms in India, onboarding requirements may include:
On Cashfree Payments, you can instantly verify a Bank Account Number, UPI ID, IFSC, PAN, etc. As you submit the request, the API gives an instant response.
As an RBI-regulated entity, Cashfree upholds high compliance and data security standards. Yes, the solutions are 100% compliant with onboarding KYC guidelines by RBI, SEBI and IRDAI.
No, there is no such limit. You can use the feature to verify any number of accounts in a day, 24*7.
The data is directly fetched from the updated government databases, hence is highly reliable and accurate.
Cashfree Payments operates under the following regulatory authorizations:
Cashfree Payments enables 1 Million+ growing businesses in India and across the globe to collect payments, make payouts, manage international payments, and more. Cashfree Payments is backed by SBI, Y Combinator, Krafton, and Apis partners and was incubated by PayPal.