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]
PGurus is now on Telegram. Click here to join our channel and stay updated with all the latest news and views
For all the latest updates, download PGurus App.
- RBI issues draft directions on cyber resilience, digital payment security controls for payment system operators - June 2, 2023
- Odisha: Coromandel Express overturns after hitting goods train at Balasore; fatalities feared - June 2, 2023
- Bombay HC denies relief to gangster Chhota Rajan’s plea staying the web series ‘Scoop’ - June 2, 2023
Good indicator. Can we extract AADHAR data to work out caste, religion, ….etc., data ?