Skip to main content

Aadhaar e-KYC Transactions Rise to Over 311.8 Million in March 2023

Aadhaar holders have carried out nearly 2.31 billion authentication transactions in March 2023, underlining the growing usage of Aadhaar and growth of digital economy in the country, according to an official release. The numbers in March were higher than in February when 2.26 billion authentication transactions were carried out.

"While a majority of the authentications transaction numbers were carried out by using biometric fingerprint, it is followed by demographic and OTP authentications," the release said.

Aadhaar e-KYC service continues to play a "stellar role" for banking and non-banking financial services by providing transparent and improved customer experience, and facilitating ease of doing business.

More than 311.8 million e-KYC transactions were carried out during March 2023, a rise of over 16.3 percent against February levels.

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

The cumulative number of Aadhaar e-KYC transactions so far has moved past 14.7 billion by the end March 2023.

Aadhaar saturation among adult population continues to be near universal, it said, adding that during March, over 21.47 million Aadhaars were updated following requests from the residents as against 16.8 million such updates in February 2023.

"In March 2023, 219.3 million last mile banking transactions were made possible through AePS (Aadhaar Enabled Payment System) and the network of micro ATMs," the release said noting AePS is enabling financial inclusion for those at the bottom of the income pyramid. 

Smartphone companies have launched many compelling devices over the first quarter of 2023. What are some of the best phones launched in 2023 you can buy today? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

 



from Gadgets 360 https://ift.tt/gblupf8

Comments

Post a Comment

Popular posts from this blog

Sri Lanka Must Achieve Debt Restructuring By September: IMF

The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the cash-strapped nation. On March 20, IMF extended a nearly $3 billion bailout facility to debt-ridden Sri Lanka that would help stabilise the country's economy after it was jolted by a devastating economic crisis last year. In a statement issued on Tuesday at the end of a nearly two weeks staff visit to Colombo to assess the progress made by Sri Lanka since the agreement was reached, the IMF said the two sides had discussed the developments on debt restructuring. "Sri Lanka must achieve debt restructuring by its first review due in September. We also discussed progress on debt restructuring, noting the ongoing discussions with both foreign and domestic creditors," the statement read. Sri Lanka is still struggling to normalise its crisis-hi...
Post a Comment
Read more

Amazon Rainforest Tribe's Secret To Healthy Life And Slow Ageing Revealed

Deep in the Amazon rainforest, a semi-nomadic indigenous community is thriving. This community defies conventional norms on ageing and health. The Tsimanes, consisting of 16,000 people, live a fully subsistence lifestyle, relying on hunting, foraging and farming to survive. Scientists have been studying this unique group for two decades, and have uncovered remarkable findings till now. Martina Canchi Nate, an 84-year-old Tsimanes woman, digs up yucca trees, cuts down plantain trees and carries heavy loads with ease, faster than her younger companions, as per a BBC report. This level of physical activity is not unusual among Tsimanes of her age. Researchers have discovered that this group has the healthiest arteries ever studied and brains that age more slowly than those in North America, Europe and elsewhere. The Tsimanes' secret lies in their active lifestyle, with an average of 16,000 to 17,000 steps per day. They spend less than 10 percent of daylight hours in sedentary activ...
Post a Comment
Read more

Biden Warns "All Out War" Possible In Middle East

US President Joe Biden warned Wednesday of the possibility of an "all-out war" in the Middle East but said he was hopeful a settlement was still achievable for the conflict-torn region. Biden's comments as he appeared on ABC chat show "The View" came as Israel put troops on alert for possible entry into Lebanon and the war in Gaza grinds on. "An all-out war is possible," Biden said when asked about the situation. "What I think is, also, the opportunity is still in play to have a settlement that could fundamentally change the whole region." Biden appeared to raise the possibility of a ceasefire in Lebanon, where Israeli strikes targeting the Hezbollah militia have killed more than 600 people this week. "They have a possibility -- I don't want to exaggerate it -- there's a possibility if we can deal with a ceasefire in Lebanon that it can move into dealing with the West Bank as well," said Biden. Israel has been carrying ...
Post a Comment
Read more