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FaydaVerse Begins Charging Banks for Digital ID Verification

Capital Ethiopia · 2 hours ago · Read the Full Story on Capital Ethiopia
FaydaVerse Begins Charging Banks for Digital ID Verification
AI SUMMARY

FaydaVerse, Ethiopia's national digital ID institution, has introduced a fee ranging from five to 10 cents for identity verification services used by banks and organizations.

  • FaydaVerse introduced fees ranging from five to 10 cents for identity verification services used by banks and organizations starting in August 2026.
  • National ID registration remains free for citizens, with institutions bearing the cost for verification services.
  • FaydaVerse has no immediate plans to adjust the authentication prices, which were set to cover basic operating costs and sustain digital infrastructure.
  • Previously, banks spent 10 to 20 birr per customer ID photocopy without necessarily preventing identity fraud.
  • As of October 15, 2026, the national ID program has registered 52.4 million people with an average of 200,000 new registrations daily.
  • The system has processed approximately 200 million identity authentication operations and handles around two million verification requests daily, with over 14.5 million credentials printed.
  • Research indicates that 40 percent of Ethiopians previously lacked proof of identity.
  • The verification service uses one-time passwords, adheres to the Personal Data Protection Act, and logs institution access data.
  • The institution rebranded from the National ID program to FaydaVerse to reflect an expanded mandate beyond citizen registration.
  • FaydaVerse plans to expand services to include digital credentials, citizen wallets, digital signing, and public service infrastructure.
  • Zambia and Mozambique are among the countries that have expressed interest in international cooperation partnerships.
  • Oromia leads national ID registrations with 19.2 million, followed by Amhara with 8.3 million, and Addis Ababa with 8.1 million.
  • Men constitute 58.8 percent of registered individuals while women account for 41.2 percent, and Gambella has the lowest registration at approximately 28,300.
Read the Full Story on Capital Ethiopia
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