Although at the early stages of development, e-commerce in Argentina has been growing steadily and robustly over the past several years. According to a recent study commissioned by Argentina’s e-commerce agency, CACE, the sector experienced a 70.8% year over year expansion during 2015, reaching a total value of ARS 68.5 BN.
The overall retail industry is emerging as well. With a propensity for consumer electronic spending, this sector along with other retail sectors is expected to grow over the next several years. There is also expected to be further saturation of retail into smaller towns and cities offering even more potential for retailer growth. Since Argentina’s financial crisis in the early 2000’s, the population has become untrusting of the banking system, leading to low levels of deposits in domestic institutions. However, with increased political stability, as of late, interest rate caps are starting to be removed allowing for more lending… and often more riskier lending, potentially leading to a credit-led boom. Because of many Argentines lack formalized credit, such sources may not be sufficient to establish identity – one of the foundations of lending.
GDC’s global electronic identity verification platform, Worldview, can help. Through our in-country partners, we have integrated established sources of identity data from Argentina’s consumer opt-in programs, providing one point of access for businesses that need to verify the identities of their customers, partners or counter parties.
Data Elements Verified
Date of Birth
With GDC’s Data as a Service model, all data is stored and maintained in Argentina in compliance with the local rules and regulations. The sources are independent reference data sets that are qualified for identity verification use cases, and they are reliably updated and maintained by GDC’s data partners. No personally identifiable information leaves the source databases in the process of verifying identities.
Over 75% coverage of the addressable adult population.
Addressable Adult Population.
Ways to Access ID Verification
Manual Review Tool
Identity Verification Partners
The GDC global identity verification platform integrates the best available data and verification intelligence curated from our dozens of in-country partners. Each partner maintains identity verification solutions in their home country, helping in-country clients solve a variety of business problems. They deliver the most reliable identity verification results because they speak the language, understand the regulatory environment, and offer local expertise.
Before joining the consortium, partners are required to go through a thorough vetting process, and their data must pass rigorous testing before it is released to GDC customers. But once they qualify to participate, they are our true partners and a big part of the GDC difference.