627 Million Excluded: The Shocking Truth Behind Digital Discrimination

On World Inclusion Day, Sumsub has revealed a staggering statistic: 627 million people worldwide are excluded from essential digital services.

This figure exceeds the combined populations of the United States and Brazil.

In response, Sumsub has launched “Greenflag,” a conceptual digital nation representing those marginalized by outdated verification systems.

The research highlights a significant economic loss of $1.75 trillion for global businesses due to this untapped potential.

Andrew Sever, CEO of Sumsub, asserts that while Greenflag is fictional, the digital exclusion it represents is a pressing reality with far-reaching implications.

As the digital economy expands, these challenges will only intensify, he warns.

Key findings from the research indicate that 243 million individuals struggle with outdated identification documents.

Moreover, 219 million lack the necessary digital literacy to navigate online platforms effectively.

The study also reveals that 96 million face verification challenges due to physical appearance changes, while over 70 million are unfairly categorized as high-risk based on nationality.

Sever calls for more inclusive verification practices to unlock these underserved markets and promote social equity.

Sumsub remains committed to developing advanced verification technologies to ensure equitable access to the digital economy for all individuals.

For more information about Greenflag, visit: https://greenflag.me/