International Finance Corporation (IFC)

Digital ID & User Consent Solution for the (Un)derbanked


The aim of the assignment is to address financial inclusion barriers for underbanked Jordanians and refugees.

Conducted a mapping of the digital financial services and digital wallet solutions. Assessed e-kyc, innovative credit scoring solutions, and digital ID integrations. Provided recommendations for fintech investments to accelerate access to finance & inclusion for typically underserved and informal populations. Specifically, examined the KIVA protocol and its applicability to serve (un)derbanked in Jordan; looking at KYC requirements, tech integrations with national payment switch, and Central Bank appetite to adopt such a solution.

The results indicated that the KIVA protocol would not add value except for the refugee segment, therefore pointing to the need for a more comprehensive solution.

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