What is NDID, and why should modern merchants know about it?
NDID is a digital identity verification system that utilizes Blockchain technology to store personal account data, designed under Data Security and Privacy by Design policies.
NDID is an identity verification system that is gaining high popularity across various platforms. If you have ever applied for financial services—whether filing taxes online, opening a stock trading account, or applying for a cash card—you have likely encountered NDID verification. Many people may wonder how the NDID system differs from other identity verification methods.
This article will introduce you to the NDID service in more detail, explaining what NDID is and the steps for registration, so you can clearly understand the nature of the service before you start using it.
Key Takeaways
- NDID is the National Digital ID system, which uses Blockchain technology to store data and is designed under Data Security and Privacy by Design policies.
- The highlights of the NDID service include being more convenient and faster than other verification methods, offering high security, and helping to reduce unnecessary paper usage.
- There is no fee to apply for NDID. You can perform the initial registration with any bank, and you can open accounts and link identity verification with multiple banks.
- There are two ways to check which bank you have registered with for NDID: checking via the application or contacting that bank's call center directly.
Table of Contents
- What is NDID? Why is it Important for the Modern Fintech World?
- What are the Highlights of NDID?
- What to Prepare Before Using the NDID Platform
- What are the Qualifications for Registering for NDID?
- Steps to Register for the NDID Service
- How to Use NDID for Transactions
- How to Cancel the NDID Service
- How to Check Which Banks You Have Registered NDID With
- Frequently Asked Questions (FAQs)
- Summary: NDID is a Central Verification Platform That Modern Merchants Should Know
What is NDID? Why is it Important for the Modern Fintech World?
NDID stands for National Digital ID. It is a national digital identity verification system aimed at elevating financial transactions in Thailand. The NDID system serves as a central digital identity verification platform that connects online transactions between the private and public sectors.
If you have already registered for NDID, you can verify your identity through the NDID system on the application of the bank you registered with to proceed immediately. There is no need to re-register every time you perform a transaction with other supporting agencies.
What are the Highlights of NDID?
Since Digital ID NDID was first launched in 2018, the system has significantly transformed online transactions in Thailand. The main highlights of the NDID service are:
- Convenience and Speed: When applying for various online transaction services, such as QR Payment or Payment Link, merchants can verify their digital identity with providers quickly.
- High Security: The NDID registration system uses facial recognition and blockchain technology for online proofing and identity verification, adhering to international security standards and reducing risks from cyber threats.
- Paperless: NDID is a central platform that connects various agencies, allowing organizations to use APIs for data connection. Applicants do not need to fill out new physical documents for identity verification.
What to Prepare Before Using the NDID Platform
If you see the benefits of NDID and are interested in using the service to speed up future financial applications, here is what you need to prepare:
1. Valid original ID card. 2. Fixed deposit or savings account, credit card, or cash card. 3. Application of the bank providing the NDID service. 4. Telephone number.
What are the Qualifications for Registering for NDID?
NDID is open to all professions and there are no application fees. The qualifications for those who can register are:
1. Must be a Thai national. 2. Have the application of a bank that provides NDID registration. 3. Accept the NDID terms of service and allow the bank to take a photo for facial comparison. 4. If applying at a bank branch, you must bring a valid original ID card and ensure the chip card is readable.
Steps to Register for the NDID Service
If you have never registered for NDID, you might wonder how to do it. The steps for registration are:
1. Access a supporting application: Currently, there are 13 entities, including 11 commercial banks, 1 Fintech provider, and 1 telecom provider, where you can apply via their application. 2. Select NDID in the menu. 3. Accept the terms and conditions. 4. Verify identity via facial recognition. 5. Confirm the application and verify the accuracy of the information.
Note: The above registration steps are basic information and may vary according to the specific requirements of each NDID provider, such as age limits or registration hours. Please check the details in each application carefully.
How to Use NDID for Transactions
Knowing how to use the service is just as important. The process is as follows:
1. Access the desired website or application: Go to the online channel of the service provider you are interested in and start the application. 2. Choose verification via NDID: When you reach the identity verification step (e-KYC), select the NDID option. 3. Select a bank: The system will ask you to choose the bank where you previously registered for NDID. For example, if you registered via the KPLUS app, select KBank. 4. Verify identity in the selected bank's app: Each bank has different steps, such as entering a PIN or scanning your face. The bank will then send the personal data to the target website or application.
How to Cancel the NDID Service
Even though NDID is a central platform for verification, you can cancel it if needed. The steps are:
- Log in to the bank's application where you registered for NDID and select the NDID service.
- Select Register/Edit.
- The system will display personal information, including name, ID number, mobile number, and registration date. After verifying it is correct, select cancel service.
- Press confirm to complete the cancellation.
How to Check Which Banks You Have Registered NDID With
A common issue is users forgetting which bank they registered with. You can check your history as follows:
- Check via the bank's application: Go to the NDID service menu of each bank to check the registration status. If you have registered with that bank, your personal info and registration date will appear.
- Contact the Call Center: If you are unsure, you can directly call the bank's call center to inquire.
Frequently Asked Questions (FAQs)
Is NDID verification dangerous?
The NDID system is highly secure. It uses blockchain technology to link data, making it difficult to forge and allowing for the tracking of transaction history.
How many banks can NDID be linked to?
The NDID system can be linked to multiple banks.
How much does the NDID service cost?
There is no fee for NDID registration.
Summary: NDID is a Central Verification Platform That Merchants Should Know
NDID is a digital identity verification platform that provides convenience to users. By registering just once, you can quickly verify your identity for various financial services. Furthermore, NDID benefits merchants by reducing data forgery issues and lowering business costs by eliminating the need for unnecessary paper storage of customer data.
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References
1. NDID Digital Identity Verification Service. (n.d.). KBank. https://www.kasikornbank.com/th/personal/account/pages/ndid.aspx 2. FAQs – NDID. (n.d.). NDID. https://ndid.co.th/faqs/
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