UN pushes for global digital ID system to boost financial inclusion
This proposal seeks to provide individuals, regardless of their location, with seamless access to a diverse array of financial services, including bank accounts, payments, and remittances.
The United Nations is advocating for the implementation of a digital ID system with banking and mobile payment platforms to enhance access to financial services and government services globally. This system aims to provide convenient access to a wide range of financial services, including bank accounts, payments, and remittances, irrespective of location, while promoting participation in the global economy.
The UN’s proposal promotes global digital cooperation and sustainable development goals. By connecting digital IDs with bank or mobile money accounts, social protection coverage can be effectively delivered to eligible beneficiaries.
The proposal also aligns with the World Economic Forum’s efforts in biometrics, such as fingerprints or facial features, for accurate and secure identification.
Despite technological advancements, the UN acknowledges the importance of addressing wealth inequality and ensuring equal access to the digital revolution. The UN aims to enhance financial inclusion and promote digital transactions by facilitating access.
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