Video KYC

byPaytm Editorial TeamLast Updated: August 19, 2025

Definition

Video KYC (Know Your Customer) is a digital method of verifying a customer’s identity through live video interaction.

Process

Customers show their documents and face a bank official over a secure video call, eliminating the need for physical visits.

Benefits

  • Saves time and travel
  • Convenient remote verification
  • Secure and RBI-approved process

You May Also Like

P2P TransactionsLast Updated: July 11, 2025

Introduction P2P (Peer-to-Peer) transactions are digital payments made between two individuals using UPI. Definition The definition of P2P…

Pay RequestLast Updated: July 11, 2025

A Pay Request is a UPI-based prompt that allows users to initiate a payment to another user or…

InteroperabilityLast Updated: July 10, 2025

Definition Interoperability means that different systems or apps can work together smoothly. In the context of finance, it…

PassbookLast Updated: December 12, 2025

Meaning A Passbook is a small booklet provided by banks that lists all the transactions of a savings…

Dynamic QR GenerationLast Updated: September 15, 2025

Definition Dynamic QR generation refers to the process of creating fresh, transaction-specific QR codes through merchant systems or…