Team Blitz India
NEW DELHI: Aadhaar Card holders have carried out nearly 2.31 billion authentication transactions in the month of March 2023, indicative of the growing usage of Aadhaar and growth of digital economy in the country. A majority of the authentications transaction numbers were carried out using biometric fingerprint.
The March number is better than the February data when 2.26 billion authentication transactions were carried out, an official release said on April 27.
Aadhaar e-KYC service continues to play a stellar role for banking and non-banking financial services by providing transparent and improved customer experience, and helping in ease of doing business.
More than 311.8 million e-KYC transactions were carried out during March 2023, marking a jump of over 16.3 per cent against February.
Adoption of e-KYC has significantly reduced customer acquisition cost of entities like financial institutions, telecom service providers and others.
The cumulative number of Aadhaar e-KYC transactions so far has gone past 14.7 billion by the end March 2023.
Whether it is Aadhaar enabled DBT for direct fund transfer, Aadhaar enabled Payment System (AePS) for last mile banking, authentications, or e-KYC for identity verification, Aadhaar, the digital infrastructure of good governance, has been playing an important role in supporting the Prime Minister Narendra Modi’s vision of Digital India, and enabling ease of living for residents.
