Make your onboarding process safer, faster, and smarter by verifying the legitimacy of the MSME merchants operating in the manufacturing or service sectors, on your platform.
With the Udyog Aadhaar verification API, you can now confidently onboard merchants knowing that the merchant exists, is genuine, and is authorized to partake in the manufacture or service sector by the Ministry of MSME.
Eliminate fraudulent merchants at the start of the onboarding process
Auto-approve good merchants through automation
Minimize time spent in manual reviews
Provide a Udyog Aadhaar number as input, and you’ll receive multiple data points that help you identify and mitigate the risk of the merchant.
In order for lending companies to confidently lend to MSME merchants/entities, the Udyam Aadhaar verification API helps to validate the genuineness of the entity, thereby reducing the risk of lending to these entities.
In order for e-commerce or aggregator companies to confidently onboard MSME merchants or entities on their platform, the Udyam Aadhaar verification API helps provide them the faith that the merchant is not a fraudulent entity
Verification is done against Government sources
Only requires a UAM number as input
TAT of the API is very low, enabling real time verifications
API structure is straightforward, enabling super quick integrations
"We are happy to partner with IDfy and its team at a time when we are re-imagining the future of the industry."
Arvind Ronta
"IDfy's solution is a unique set of products & services solving the ubiquitous problem of identity & employment fraud.”
Aman Gour
Data is encrypted for security in motion and at rest
IDfy has been certified by BSI to ISO 27001
IDfy always uses 256-bit SSL encryption on all devices
IDfy is SOC 2 Type II compliant
Verifies the bank account details of a user using penny drop mechanism.
Allows you to obtain and cross-verify GST details using the GSTIN.
Extracts details from an image of GST certificate in real-time.
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"The checks and verifications built in IDfy's platform help us identify and prevent fraud at source to a large extent.”
Kirti Patil CTO, Kotak Life Insurance