IT Ministry data shows Aadhaar authentication rose to 2.31 billion in March 2023

The adoption of e-KYC has also significantly reduced customer acquisition costs of entities like financial institutions, telecom service providers, and others

PGurus Newsdesk

April 27, 2023

Adoption of e-KYC has also significantly reduced customer acquisition cost of entities like financial institutions, telecom service providers and others

Aadhaar-enabled e-KYC rose by 16% as 21.47 million Aadhaars were updated successfully in March 2023

According to IT Ministry data, Aadhaar authentication transactions have climbed to 2.31 billion in March 2023, against 2.26 billion authentication transactions recorded in February 2023.

Also, Aadhaar-enabled e-KYC rose by 16 percent as 21.47 million Aadhaars were updated successfully in March 2023. The cumulative number of Aadhaar e-KYC transactions so far has gone past 14.7 billion till the end of March 2023.

While most of the authentications transaction numbers were carried out using biometric fingerprints, it is followed by demographic and OTP authentications, official sources said.

Adopting e-KYC has also significantly reduced customer acquisition costs of entities like financial institutions, telecom service providers, and others, they added.

During the month of March, more than 21.47 million Aadhaars were updated following requests from the residents as against 16.8 million such updates in February 2023.

[With Inputs from IANS]

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