UIDAI: Aadhaar Card Based Face Authentication Transactions Touch All Time High of 10.6 Million in May 2023, E-KYC Transactions Cross 254 Million
New Delhi, June 29: Aadhaar based face authentication transactions for service delivery in May touched an all time high of 10.6 million, since its launch in October 2021. This is the second consecutive month to register more than 10 million face authentication transactions. The number of face authentication transactions has been rising and the monthly numbers clocked in May is an increase of 38 per cent, compared to such transactions reported in January 2023, indicating its growing usage.
The month of May also saw the Unique Identification Authority of India (UIDAI) executing 14.86 million Aadhaar updates following request from residents Aadhaar e-KYC service continues to play a key role in the banking and non-banking financial services sectors by providing transparent and improved customer experience and helping in ease of doing business. More than 254 million e-KYC transactions were carried out in May alone, official sources said. PAN-Aadhaar Link Last Date: Deadline for Linking PAN with Aadhar Card Extended Till June 30, 2023.
By the end May 2023, the cumulative number of Aadhaar e-KYC transactions had gone past 15.2 billion. Continued adoption of e-KYC is significantly reducing customer acquisition cost of entities like financial institutions, telecom service providers among others. Aadhar Card-Voter ID Linking: Deadline Extended by Year, Last Date on March 31, 2024.
The face authentication solution developed in-house by the UIDAI, is now being used by 47 entities, including state government departments, ministries in the central government and some banks. It’s being used for registering beneficiaries under Ayushman Bharat Pradhan Mantri Jan Arogya Yojana, for authentication of beneficiaries in the PM Kisan scheme and for generating digital life certificates at home by pensioners.
(The above story first appeared on Today News 24 on Jun 29, 2023 06:52 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
