APIclub emerges as a trusted application programming interface for the Fintech ecosystem
There is no doubt that this is a time of digitization and the trend has quickly become part of people’s everyday life in all areas. From banking to UPI payments, there is a presence of innovation and technological advancements in every aspect and with a great push on the initiative to ‘Digital India‘, this is going to accelerate even further. APIs or application programming interfaces are one of the new digital technologies that have gained immense popularity in the technology sector. Firstly, API is a process that helps two or more computer applications/programs to connect and communicate with each other in a seamless manner. API integration has been a boon for businesses across a multitude of sectors as it allows them to put tasks in automated mode and manage them efficiently, ultimately saving a lot of time and resources.
If you look closely at the data, there has been a sharp increase northwards in the total global investment in API companies recently. From $480 million in 2016 to $1.06 billion in 2018, there has been unprecedented investment in API companies and experts believe that this trend will continue as Application Programming Interface are proving to be huge revenue generators for businesses. This has given rise to the emergence of a number of API providers. But out of them, API Club has proven to be one of the most prominent and trusted online application programming interface (API) providers that have helped many businesses verify their documents safely, securely and quickly.
Since its inception, APIclub has expanded in all verticals and currently offers a multitude of services such as Aadhaar Verification API, Pan Verification API, DL Verification API, Voter ID Verification API, Face Verification API, RC Verification API, RTO Info API, Bank Verification API, IFSC Code lookup, GSTIN Verification API, and many other verification APIs. What has helped them make a name for themselves in this ever-evolving competitive landscape is that they not only offer premium services at an economical cost compared to other players existing in the market, but they also provide seamless access available around the clock, a wide variety of available functions.
Take things to the next level, Ashish Budhraja, the founder of APIclub has recently introduced a new secure QR code that includes demographic information and the Aadhaar number holder’s photo. The API can read Aadhaar QR codes found on Aadhaar Letters, e-Aadhaars and m-Aadhaars and provide details. Once the e-Aadhaar QR code is digitally verified by UIDAI in the backend and provides the scanned QR code verified, the application will display demographic information, including photo details, of residents.
Through seamless integration, economical cost and a dedicated 24*7 customer support teamAPIclub has emerged as one of the leading Internet-based sources for application programming interfaces (APIs).
There is no uncertainty that the rapid adoption of fintech mass-scale and unprecedented investments have revealed that the fintech revolution has begun to gain momentum. The ongoing shift to an API-based financial ecosystem literally means that financial data is not only accessible, but also secure. Additionally, post-Covid-19 era, building a robust data-driven financial ecosystem is imperative as it will help India in its growth trajectory, and APIs play an important role in this. Understanding this and considering the unprecedented rise in digitization, APIclub is leaving no stones unturned to make India the next Digitally empowered startup hub.
