Chip ID card used for ATM and payment transactions

With the new identity cards having chips, the security of our identities has increased. As a result, our ID cards have become usable in many critical transactions.

So can our ID cards be used in the world of payment systems?

Although it is technically possible, the information held on the card's chip needs to be arranged accordingly.

What transactions could be made with the new ID cards?

According to the Presidency's 2020 Program, with the new ID cards it will be possible to sign documents electronically, withdraw cash from ATMs, make payments, and receive notary and health services.

According to the Presidency's 2020 Program, the Digital Transformation Office will complete the regulatory work on the electronic ID card that has been put into use. With this work, the ID card will be usable in all identity verification applications.

Pilot provinces and institutions will be determined

Within this framework, the Regulation on the ID Card Electronic Identity Verification System will be published, and pilot institutions and provinces will be determined for the implementation. The Digital Transformation Office will also update the National Cyber Security Strategy.

Currently, credit cards are generally used for spending, and ATM cards for banking transactions such as cash deposits and withdrawals. When you consider this separately for each bank, the reason our wallets are so thick becomes clearer.

With just our ID card:

  • Cash deposits/withdrawals
  • Shopping transactions
  • Health transactions, etc.; when we imagine all of these being possible, we can say that our ID card alone would be enough for many transactions.

With the new project, it looks like our ID card will increasingly become our EVERYTHING before too long.