Aadhaar-based face authentication transactions touches 10.6 million, an all-time high since launch

Aadhaar e-KYC service continues to play a key role in the banking and non-banking financial services sectors

June 29, 2023

The monthly numbers clocked in May is an increase of 38%, compared to such transactions reported in Jan 2023

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. The monthly numbers clocked in May is an increase of 38 percent, compared to such transactions reported in January 2023, indicating its growing usage.

This is the second consecutive month to register more than 10 million face authentication transactions.

The month of May also saw the Unique Identification Authority of India (UIDAI) executing 14.86 million Aadhaar updates following requests 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.

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.

[With Inputs from IANS]

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