eKYC is here to stay and will improve and grow in the years to come with speedy adoption across multiple segments. According to a report, the global e-KYC market in 2019 was approximately USD 257.23 Million and is anticipated to reach around USD 1,015.36 Million by 2026.

2020 and specifically COVID had a significant impact on eKYC. While some view it as disruption, it has also bought in innovations. Specifically, many more people prefer transacting digitally now and eKYC can make this experience much more simple, secure and seamless for entire ecosystem.