Fast-track identity verification for fintech apps and payment wallet providers. Enable tiered KYC that scales from minimum verification for basic wallets to full video KYC for premium accounts, all within a seamless mobile-first experience that keeps drop-off rates low.
Digital wallets operate in a hyper-competitive market where every second of onboarding friction costs users. Yet regulators demand rigorous KYC at different transaction tiers. Wallet providers are caught between the need for frictionless sign-up experiences and the obligation to perform thorough identity verification before unlocking higher transaction limits.
Average time to complete full KYC verification through BASEKYC's optimized mobile-first flow, from session start to approval
Implement tiered KYC that matches your product structure. Start users with minimum KYC for basic wallet access using just a mobile number and OTP, then seamlessly upgrade them to full video KYC when they need higher transaction limits. Each tier unlocks incrementally without forcing users to restart the process.
Our WebView SDK embeds directly into your mobile app, delivering a native-feeling verification experience without browser redirects. Camera access, document capture, and video sessions all happen within your app interface. The UI adapts to screen size, orientation, and device capabilities for consistent performance across Android and iOS.
For basic wallet accounts, BASEKYC performs automated identity checks in seconds. OTP verification, PAN validation, and basic liveness checks run concurrently, granting instant account activation. Users can start transacting immediately while their full KYC upgrade runs asynchronously in the background when triggered.
Embed the full video KYC experience natively inside your mobile app with our lightweight SDK. No browser redirects, no context switching for your users.
ExploreDesign tiered onboarding flows that route users to minimum KYC or full video KYC based on account type, transaction limits, or risk profile.
ExploreAutomate high-volume verifications with AI-driven video sessions that handle liveness detection, document capture, and identity matching without human agent involvement.
ExplorePrepaid Payment Instruments in India are governed by tiered KYC requirements that dictate wallet functionality, transaction limits, and balance caps. BASEKYC supports every tier from minimum KYC to full KYC wallets.
The RBI Master Direction on Prepaid Payment Instruments (RBI/DPSS/2021-22/62) defines three wallet tiers: Small PPIs (up to INR 10,000 balance with minimum KYC), Medium PPIs (up to INR 2,00,000 with OTP-based verification), and Full-KYC PPIs (up to INR 2,00,000 with fund transfer capability). Only full-KYC wallets can perform peer-to-peer transfers and bank withdrawals. BASEKYC enables seamless tier upgrades through progressive verification.
Under RBI's PPI guidelines, small PPIs can be issued with minimum KYC comprising mobile number verification and a self-declaration. These wallets are capped at INR 10,000 monthly loading and INR 10,000 outstanding balance. Conversion to full-KYC must be completed within 24 months, failing which the wallet must be closed. BASEKYC triggers automated upgrade reminders and facilitates instant video KYC for tier conversion.
PPI issuers are classified as reporting entities under PMLA and must file Cash Transaction Reports (CTRs) for transactions exceeding INR 10 lakhs and Suspicious Transaction Reports (STRs) with FIU-IND. Under PML Rule 7, wallet providers must maintain customer identification records for five years after account closure. BASEKYC maintains encrypted, audit-ready verification records that satisfy PMLA retention and reporting mandates.
RBI's circular on PPI interoperability (RBI/2021-22/91) mandates that full-KYC wallets must be interoperable across UPI and card networks. This means PPI issuers must ensure robust identity verification before enabling interoperable transactions, as the liability framework shifts to the issuing entity. BASEKYC's full-KYC video verification provides the compliance foundation needed to activate interoperable wallet features with confidence.
Embed the BASEKYC WebView SDK into your mobile app. Configure minimum KYC and full KYC verification flows, set up tier-based routing rules, and map wallet tier thresholds to the corresponding verification requirements.
Test the full verification flow on Android and iOS devices across varying network conditions. Validate camera permissions, document capture quality, video session stability on low-bandwidth connections, and seamless tier upgrade transitions.
Launch to a percentage of new sign-ups, monitoring drop-off rates, verification success rates, and average session duration. Optimize the flow based on real user behavior data, then scale to 100% of onboarding traffic.
How fintech companies and digital wallet providers are leveraging video KYC to balance regulatory compliance with the frictionless onboarding experience their users expect.
Understanding the full spectrum of KYC methods available in India and how each maps to different wallet tier requirements, from Aadhaar OTP for minimum KYC to VCIP for full verification.
Strategies for cutting wallet onboarding time through automated verification pipelines, concurrent checks, and intelligent routing that minimize user wait times without compromising compliance.
Give your wallet users the fastest path to full KYC. Reduce drop-offs, accelerate activation, and stay compliant at every tier.