Archive · 12 Jun 2025
Cashfree Payments Launches AI Video KYC for Business Onboarding
Cashfree Payments has created a new system called Video KYC using Artificial Intelligence.
This helps businesses like banks and lending platforms verify people's identities online.
It uses videos and AI to make sure people are who they say they are.
The system can translate and work even if the internet isn't very fast.
It also helps prevent fraud and allows businesses to sign up more customers.
Businesses can use the system to quickly and securely verify customers from different regions.
Cashfree Payments processes many payments for various businesses, and this new system will help them and other businesses grow and be secure.
Cashfree Payments' Secure ID launched an AI-powered Video KYC solution.
The VKYC aims to boost user conversions for businesses by up to 80%.
The solution supports multiple regional languages and low-bandwidth environments.
It offers AI-powered fraud detection and real-time audit trails.
Cashfree Payments processes $80B in transactions annually for 800,000+ businesses.
- Who
- Cashfree Payments' Secure ID launched the solution for businesses.
- What
- Cashfree Payments launched an AI-powered Video KYC solution.
- When
- The launch was announced on June 12.
- Where
- The solution is designed for use across India, including tier 2 and tier 3 regions.
- Why
- To boost user conversions, reduce fraud, and streamline customer onboarding.
- Company
- Cashfree Payments
- Product
- AI-powered Video KYC
- Goal
- Boost user conversions by up to 80%
- Target Users
- NBFCs, banks, lending platforms, insurance companies
- Fraud Checks
- Deepfake, spoof, and liveness detection
- Languages Supported
- 20+ regional languages
- Transactions Processed
- $80B annually