Competition Regulatory Authority

Digital identity verification helps online lenders confirm that borrowers are who they claim to be before approving a loan. This guide explains how the process works, the checks lenders use to verify identities, and how digital verification can help reduce fraud while making the borrowing process faster and more secure.

The Mastercard Foundation is helping expand access to finance across Africa by deploying credit capital through partnerships with financial institutions, governments, and development organizations. This article explores how the Foundation’s financing approach supports small businesses, young entrepreneurs, and underserved communities while strengthening local lending ecosystems across multiple markets.

For lenders, the message is clear: Know the regulators, understand the rules, and stay compliant. Otherwise, your lending business could be one policy change away from closure.