Fintech Market Overview

This article does not constitute legal advice.

Client identification in India


Digital identification numbers are the largest in the world in India. Known as 'Aadhaar', this digital identity is issued by the Indian government under the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act 2016 (the Aadhaar Act) through a centralised agency called Unique Identification Authority of India (UIDAI). Aadhaars are 12-digit random numbers issued by the UIDAI to Indians who have been verified.1

Any citizen who submits the required demographic and biometric information is eligible for Aadhaar. Foreign nationals can obtain an Aadhaar identity after residing in India for 182 days continuously. The Aadhaar system is linked to several government initiatives to promote social and financial inclusion.1

Digital onboarding in India

Fintech in India

Fintech in other countries

Let's introduce you

Indian Fintech Lawyers

Kristina Berkes

Kristina Berkes

Participation as a lawyer at investment venture funds, leading venture M&A deals in IT, supporting iGaming and business assets

Denis Polyakov

Denis Polyakov

Comprehensive legal services for businesses on corporate, tax law, cryptocurrency legislation, investment activities

  1. https://thelawreviews.co.uk/title/the-financial-technology-law-review/india