itsme Buys iDIN to Expand Digital Identity in the Netherlands
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Belgium bank-owned itsme recently announced the acquisition of Dutch identification service iDIN. In a statement published on December 17, the Belgian identification app said that this will allow it to reinforce its position as the European reference for digital identity.
The firm said that iDIN will eventually be merged into itsme, which will let Dutch citizens use itsme to identify themselves in the future, as well as log into accounts, and even verify their age.
The acquisition represents a big move for itsme, as it also means that the firm is committing to international growth. On top of that, it also confirms its ambition to establish itself as the standard for secure digital identification in Europe.
For now, however, the acquisition will allow itsme to reinforce and accelerate its position in the Dutch market. The company said that all current iDIN users can expect to have access to itsme by mid-2026, and that includes new functionalities, such as qualified electronic signatures.
After recent expansions, itsme has become available in around 30 countries, but the Netherlands will be the first outside of Belgium where itsme will significantly expand its services.
itsme To Strengthen Its Position In The Dutch Market
Starting in 2021, itsme has been growing rapidly with the intention of becoming the largest provider of mobile identification services in Belgium. So far, over 80% of adults in the country use its identity app, resulting in over a million actions every day.
In the past few years, itsme did more than just expand its services – it also worked on expanding its client portfolio. So far, the company has entered into collaboration with over 1,200 firms operating in various industries.
The firm’s CEO, Tom Van Den Bosch, said that the acquisition of iDIN will reinforce itsme’s position as the European standard for a safe, digital identity, and allow the firm to accelerate its presence in the Dutch market.
“iDIN is a trusted name, and by joining forces, we are preparing for the future with one solution that combines ease of use with the highest international security standards. This way, we connect not only our countries, but we are also shaping a future in which trust has no boundaries,” he noted.
It is worth noting that iDIN ia an initiative by Currence, a collaboration between the major Dutch banks. Currence’s CEO, Daniel van Delft, commented on the move by saying that with iDIN, banks have offered a secure and trusted way of digital identification for the past ten years. Now, the banks are taking the next step.
“itsme has a strong track record, meets all regulatory requirements and has a clear focus on innovation, which makes it the ideal party to prepare iDIN for the future,” he added.
