Central Bank directs banks to approve accepting digital ID of customers
The Saudi Central Bank issued on Thursday a circular to all banks and financial entities under its supervision, directing them to approve the acceptance of the digital national ID of their customers on the Absher Afrad application.
The SCB explained that this is for transactions that do not require a photocopy of the ID. It also underlined the need to continue assessing and reviewing the risks that may result from relying on digital ID.
There should be an appropriate mechanism to take a copy of ID in the transactions that required to furnish it.
The central bank said that this is to make easier for citizens to verify their identities by enabling the beneficiary to review the national ID data electronically.
There should be an appropriate mechanism to take a copy of ID in the transactions that required to furnish it.
The central bank said that this is to make easier for citizens to verify their identities by enabling the beneficiary to review the national ID data electronically.
