Saudi Arabia Absher boosts digital ID delivery , financial inclusion

The Absher platform in Saudi Arabia has become a central pillar in the country s digital transformation, offering a wide array of digital services to citizens, residents, and businesses. Launched in 2010 under the Ministry of Interior, Absher has evolved into a comprehensive digital government service, facilitating tasks such as national ID issuance, passport renewal, and driver s license services. The platform s expansion into the financial sector, particularly through digital identity services, has been a significant contribution to the new digital economy. It aims to enhance user experience, data protection, and overall efficiency. The system s growth has been supported by automation and advanced solutions, which have improved reliability and security. A study published in 2020 by the European Journal of Economic and Financial Research found that users have a positive attitude towards the Absher system, with ease of use being a key factor in their acceptance. The platform has been instrumental in processing millions of transactions, contributing to Saudi Arabia s economic diversification goals as outlined in Vision 2030. Absher s services have also played a crucial role in promoting financial inclusion in Saudi Arabia. By integrating digital identity verification with financial transactions, the platform has improved consumer comfort and reduced fraud. The Financial Sector Development Program, which aims to modernize the Kingdom s financial ecosystem, has benefited from this integration. Absher s impact on financial transactions has been significant, particularly in transnational remittance systems like the Raast-Buna payment linkage. The platform s integration with international financial systems has enabled unified and cost-effective remittance transfers between Saudi Arabia and other Arab countries. The platform has also had a positive economic and social impact, with a 95% reduction in license and review times and savings of nearly SAR 23 billion (US$6.1 billion). Absher has transformed service delivery for citizens and communities by reducing bureaucracy and streamlining government processes. Despite its success, challenges such as infrastructure, security, and public acceptance remain. The platform s future success will depend on maintaining a strong

Source: biometricupdate.com
Published on 2024-09-15

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