Digital IDs are silently transforming the way we pay, authenticate, and safeguard our information—but most individuals remain oblivious to their existence.
As governmental bodies and financial entities advance digital identity initiatives to simplify transactions and mitigate fraud, a significant disconnect is arising: public understanding. In an era where proving one’s identity is as critical as managing finances, lacking awareness of what a digital ID entails or how it operates could leave many consumers at a disadvantage.
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Data for today’s episode is provided by Javelin Strategy & Research’s Report:
Digital ID Adoption Requires Digital ID Acceptance: How Payments Can Lead the Way
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Percentage of Consumers Indicating that Digital ID Is Available to Them
- 37% – Yes, used it
- 32% – Yes, plan to use
- 21% – No, but interested
- 10% – Yes, won’t use
- 9% – No, won’t use
Source: Javelin Strategy & Research, North American Payments Insights, 2024
About the Report
Digital IDs are making progress in the U.S., with accessibility nearing a significant threshold: availability to over half of the population. As adoption accelerates nationally, the European Union’s mandatory implementation serves as an instructive model for prioritizing and avoiding pitfalls as digital identity systems develop.
This latest report from Javelin Strategy & Research delves into the evolution of digital IDs in the U.S., examining issuance dynamics, usage behaviors, and public perceptions. It identifies key factors driving adoption and presents a roadmap for assessing progress—shedding light on where the market currently stands and its future trajectory.