May 23, 2023: Aadhaar holders executed 1.96 billion authentication transactions in April this year, a jump of more than 19.3% over April 2022, indicating growth of digital economy and usage of Aadhaar in India.
A majority of these authentication transaction numbers were carried out by using fingerprint, the ministry of electronics & information technology said in an official statement on May 22, 2023. Demographic, OTP-based authentications and face authentication are also witnessing improved usage across sectors for easy service delivery, it added.
“While Aadhaar saturation in the adult population continues to be near universal, the saturation level among all age groups has now climbed to 94.8%, indicative of the reach and adoption of Aadhaar among residents,” the ministry said, citing data. During April, more than 15.44 million Aadhaars were updated on request from the residents.
“The Aadhaar-Enabled Payment System (AePS) is enabling financial inclusion for those at the bottom of the income pyramid. In April, more than 200.6 million last-mile banking transactions were made possible through AePS and the network of micro ATMs, it added..
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 250.5 million eKYC transactions were carried out in April alone.
In April 2023, the cumulative number of Aadhaar e-KYC transactions has gone past 14.95 billion. Continued adoption of e-KYC is significantly reducing customer acquisition cost of entities like financial institutions, telecom service providers, etc.
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