The State of KYC in Africa
Mid-year Report 2023
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What you will find in this report
A deep dive into the KYC regulations across 13 African countries
Insights into the current identity verification landscape in Africa
A look at the changing fraud trends in a world of generative AI
More insights from this report
The adoption of digital identity is growing across Africa
Biometric verification reduces fraudulent users by 50%
Onboarding fraud rates declined by 5% in focus markets, led by declines in South Africa and Ghana
Local ID databases remain the most robust source of truth for KYC, but frequent downtime (on average, 3%) remains an obstacle
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