Technology0APIclub emerges as a reliable Application Programming Interface for the Fintech Ecosystem

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There is no doubt about the fact that this is an era of digitization and the trend has rapidly become a part of people’s day-to-day life in every sphere. From banking services to UPI payments, there is a presence of innovation and technological advancements in every aspect and with a major push to the initiative of ‘Digital India’, this is further going to accelerate. APIs or Application Programming Interface is one of the emerging Digital technologies that has gained massive popularity in the Technological Sector. For starters, API is a process that helps two or more computer applications/programs to connect and communicate with each other in a hassle-free manner. API integration has been a boon for businesses across a plethora of sectors as it allows them to put tasks on automated mode and manage them effectively, eventually saving a lot of time and resources.

If one closely looks at the data, there has been a sharp northward surge in the total global investment in API companies in recent times. From $480 million in 2016 to $1.06 billion in 2018, there has been an unprecedented investment in API companies and experts believe that this trend will continue as Application Programming Interfaces are turning out to be huge revenue generators for businesses. This has given rise to the emergence of numerous API providers. However, out of them, APIclub has emerged to be one of the most prominent and reliable providers of web-based Application Programming Interfaces (APIs) that has assisted numerous businesses in verifying their documents safely, securely and rapidly.

APIclub, since its inception, has expanded in every vertical and currently provides a plethora of services like 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 API. What has helped them to create a name in this ever-evolving cutthroat competitive landscape is that not just they offer premium services at a economical cost compared to other players existing in the market but they also provide seamless access that is available around the clock, a wide range of available features.

Taking 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 picture. The API can read Aadhaar QR Codes that are present on Aadhaar Letters, e-Aadhaars, and m-Aadhaars and provide details. Once the e-Aadhaar QR Code is digitally verified by UIDAI at the backend and gives scan QR Code verified, the application will display the demographic information, including photograph details, of residents.

Through seamless integration, economical costing and a dedicated 24*7 customer support team, APIclub has emerged as one of the leading Internet-based application programming interfaces (API) sources.

There is no uncertainty that the rapid adoption of fintech on a mass scale and unprecedented investments have revealed that the fintech revolution has started to gain steam. The ongoing shift to an API-based financial ecosystem literally means that financial data is not just accessible but is also safe. Additionally, post the Covid-19 era, building a robust data-driven financial ecosystem is crucial as it will assist India in its growth trajectory and APIs play a vital role in this. Understanding this and taking into account the unprecedented rise in Digitization, APIclub is leaving no stones unturned in making India the next Digitally-empowered startup hub.

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