Electronic Identity Verification in Luxembourg
Wealthiest Country in the EU.
- GDC covers over 21% of the Luxembourg adult population. 21%
Luxembourg is a small, wealthy nation in Europe, where over 98% of the population uses the internet regularly.
Luxembourg’s ecommerce market is currently valued only at 0.74 billion Euros, which only accounts for 4.8% of total retail spending. Though relatively small Luxembourg’s market is growing at double digits in recent years and is expected to grow constantly due to its strong foundation of high internet penetration and bank account usage.
Luxembourg’s government recognizes the importance of intentional online retail and is working on ensuring the cross border sales can be made as efficient as possible. This is extremely important for a country the size of Luxembourg whose residents would be able to shop with bigger merchants who can operate in multiple countries and provide better shopping experiences. Cards are expected to be the fastest-growing payment methods as they growing at 26% year after year.
Ecommerce fraud rates are high in Luxembourg, as nearly 5% of online shoppers experiences fraud in contrast to the average of 2% in Europe. With cross border commerce increasing and people shifting online for shopping, merchants need to ensure a safe and seamless shopping experience and try to prevent fraud.
Verifiable Data Elements in Luxembourg
Date of Birth
Data Sources Available for Luxembourg Identity Verification
With GDC’s Data as a Service model, all data is stored and maintained in Luxembourg in compliance with the country’s Protection of Personal Data Act and the EU Data Protection Directive. The sources are independent reference data sets that are qualified for identity verification use cases, and they are reliably updated and maintained by GDC’s data partners. No personally identifiable information leaves the source databases in the process of verifying identities.
How Global Data Consortium Works
The GDC global identity verification platform integrates the best available data and verification intelligence curated from our dozens of in-country partners. Each partner maintains identity verification solutions in their home country, helping in-country clients solve a variety of business problems. They deliver the most reliable identity verification results because they speak the language, understand the regulatory environment, and offer local expertise. Before joining the consortium, partners are required to go through a thorough vetting process, and their data must pass rigorous testing before it is released to GDC customers. But once they qualify to participate, they are our true partners and a big part of the GDC difference.