## Why is eKYC verification now required for financial transactions?
Whether opening an account, investing, or handling various financial services, systems will require you to verify your identity. This is the application of **EKYC (Electronic Know Your Customer)**. Compared to traditional KYC, which requires you to visit an office in person and wait in line for verification, EKYC allows the entire process to be completed online via electronic devices, saving time and effort.
## How does EKYC differ from traditional KYC?
The biggest difference is that one is offline, and the other is online:
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View OriginalWhether opening an account, investing, or handling various financial services, systems will require you to verify your identity. This is the application of **EKYC (Electronic Know Your Customer)**. Compared to traditional KYC, which requires you to visit an office in person and wait in line for verification, EKYC allows the entire process to be completed online via electronic devices, saving time and effort.
## How does EKYC differ from traditional KYC?
The biggest difference is that one is offline, and the other is online:
-