KYC Verification - Secure ID by Cashfree Payments

Overview

Secure ID enables fintechs and startups to build compliant onboarding flows in minutes, eliminating drop-offs and monitoring frauds accurately.

Key Performance Metrics

KYC Verification Solutions for Core Business Use Cases

Verify against regularly updated official databases along with robust security protocols. Pick and choose from tailored solutions for specific needs.

Onboarding Suite

Simplify onboarding with instant and robust KYC checks.

Features:

Managed KYC

Design custom user journeys, including risk profiling, with the powerful Journey Orchestrator Studio.

Features:

Digital KYC

Strictly adhere to KYC Master Directions while onboarding users on internet-enabled businesses.

Features:

Know Your Business (KYB)

Speed up onboarding and business verification.

Features:

Complete Identity Suite

Real-time identity verification and fraud monitoring. Built to scale as business grows.

Industry-Specific Use Cases

Banks

Fastrack account opening, KYC/KYB Verification, loan disbursal, overdue or allocating credit cards. Create background verification journeys without writing a single line of code. Verify the account before disbursement to minimize transfer failure or transfer reversals.

Applications:

Investments

Help users get started on platforms faster with PAN and Aadhar verification via OCR which reduces the turnaround time by 75%. Explore a vast range of Identity verification APIs that are highly customisable and easy to integrate.

Applications:

Retail Lending

Highly customisable KYC Verification API for Lending platforms enables capturing details like the borrowers' name, age, address, user's image, father's name and other relevant documents.

Benefits:

Fintechs and Neo Banks

Complete customer or business KYC Verification within 30 seconds. Use KYC/KYB Verification Suite to verify users/businesses and fastrack onboarding and before making payouts to ensure zero transfer reversals or failures due to incorrect account number.

Applications:

Ecommerce, Hyperlocal & Logistics Businesses

Build fastest onboarding system to onboard delivery partners, vendors, contractors or employees. Onboard remotely, create a hassle-free digital journey.

Features:

HR and Staffing Platforms

Build a scalable and reliable network with KYC Verification Suite. Ensure zero frauds and identity thefts, onboard only authenticated employees across divisions, locations and cities without physical interactions. Customise and integrate Verification Suite APIs with existing HRMS tools.

Benefits:

Online Gaming

In gaming industry, there are high chances of identity theft, fraud, underage users, identity cloning, data theft and data breaches. With Cashfree Payments ensure automate the player onboarding and ensure quick money transfer with Payouts with automated verification.

Features:

Platform Features

One-Stop Solution

Manage all verification needs in one place - no more switching between multiple platforms.

Real-Time Insights

Know the exact reasons for verification failures in real time.

Reliable Infrastructure

Scale confidently with industry-leading TPS.

Robust APIs

Ensure seamless integration, supporting 20M daily API requests with 100% uptime.

Powerful Risk Engine

Conduct thorough data validation against the latest databases to reduce fraud risks.

No-Code Platform

Perform real-time verifications with no-code solutions on the self-serve dashboard.

Fuzzy Matching Technology

Verify users with fuzzy matching to find near-perfect matches.

Inbuilt Approval Flow

Enhance accuracy and reduce human errors with maker and checker roles.

Bulk Identity Verification

Perform single or bulk verifications via simple Excel uploads or API integration.

Developer-Friendly KYC Verification APIs

Integrate Cashfree Verification APIs with pre-existing ecosystem.

API Capabilities:

No Code Solutions

Just enter the required details manually or upload via an excel sheet and get validations report in under 5-sec.

Unified Dashboard

Under a unified dashboard, all past verifications will be accessible.

Reporting

Get all the verifications reports under the Reports tab. You can also download the report and view the different verification statuses.

Comprehensive API Stack for KYC Verification

Discover the wide range of instant KYC verification APIs, trusted by businesses across India for their end-to-end KYC processes.

Identity Verification APIs

Financial Verification APIs

Business Verification APIs

Customer Success Stories

Tata AIG - Financing Solution with Faster Verification

Tata AIG, a leading General Insurance company has integrated Bank Account Verification APIs with the Name match feature as a part of their overall KYC process to reduce fraud and control disbursements of claims.

Bajaj Finserv - Automated User KYC and Bank Account Check

Bajaj Finserv, a pioneer financing company uses KYC Verification Suite to verify its customers before onboarding for their products like loans, insurance, FDs or before loan disbursals for personal, business or professional requirements.

Junio - Faster KYC Verification for Smarter Solution

Facilitating over 5 Lakhs+ users with Smart Card solution for children, Junio has integrated Verification Suite APIs with their existing platform to automate the overall onboarding KYC process.

Signzy - Reliable E-KYC

Signzy, a leading digital banking infrastructure provider trusts Verification APIs for reliable and real-time verification of bank account numbers as a part of its Onboarding KYC.

Zomato - Seamless Delivery Partner Onboarding

As one of India's largest food delivery services, Zomato onboards hundreds of riders. It ensures quick and accurate onboarding of riders using Verification APIs.

Delhivery - Hassle-Free Onboarding

Delhivery, India's most trusted shipment company onboards thousands of individuals, who ensures quick and seamless delivery of happiness. With robust KYC Verification APIs, Delhivery reduces the turnaround time and onboards employees remotely.

Customer Testimonials

BharatX

"Cashfree Verification Team has built an amazing stack and launched some pioneering products. Having worked with more than 10+ players in this space, I can say that they are one of the most innovative players!"

— Mehul Nath Jindal, CEO & Co-Founder, BharatX

Ketto

"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."

— Zaheer Adenwala, Co-Founder at Ketto

Benefits of Verification Suite

Frequently Asked Questions

How much time does KYC Verification take?

On Cashfree Payments, you can instantly verify Bank Account Number, UPI ID, IFSC, PAN, etc. As you submit the request, the API gives an instant response.

Is there any limit on the total number of verification requests per day?

No, there is no such limit. You can use the feature to verify any number of accounts in a day, 24*7.

How can I use the Bank Account Verification API for KYC Verification?

While onboarding users, vendors, delivery partners, or even employees, an organization needs to do a Bank Account check. Minimize the chance of exposing the data to any third party, integrate Bank Account Verification API with the company's internal systems and automated the process.

What are the other use cases of the Verification Suite?

The capability to verify accounts can be used in multiple business scenarios such as:

I am planning to opt for Cashfree Payouts for bulk disbursals. Do I need to go for a verification API separately?

Yes, Payouts users can integrate the Verification Suite to avail this feature.

I want to use Cashfree Payments marketplace settlement for paying vendors. Do I need to take the verification feature separately?

Yes, if you are using Cashfree marketplace settlement and want to use identity verification API as well, you need to opt for the feature separately. Experts will help with the integration and you will be able to use Cashfree marketplace settlement and verification features together.

How many banks are covered under BAV?

The verification can be done for 600+ recognized Indian banks including all public banks, private banks, and 126+ co-operative banks.

Note: Verification may not be possible for some co-operative bank accounts.

How reliable is the information verified?

The data is directly fetched from the updated government databases, hence is highly reliable/accurate.

Related Products

Bank Account Verification

Use the complete verification suite for e-KYC and verify the beneficiary bank account or UPI ID before sending money. IFSC verification API is now available [Free].

Aadhaar Verification

Verify Aadhaar via OTP, OCR and Digilocker instantly for customer KYC during onboarding and before payouts.

Payouts

Make payouts to any bank account / UPI ID / card/ AmazonPay / Paytm instantly, even on a bank holiday.

About Cashfree Payments

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.

Regulatory Authorizations