Aadhaar usage and adoption continue to grow at a rapid pace with the number of authentication transactions surging to 219.71 crore in August, registering a growth of over 44 per cent when compared with the previous month, according to data released by the Ministry of Electronics & IT
on Thursday.
A majority of these monthly transaction numbers were done by using fingerprint biometric authentication (128.56 crore), followed by demographic authentications and OTP authentications. As of the end of August 2022, a cumulative number of 8074.95 crore Aadhaar authentications have been carried out so far, as against 7855.24 crore such authentications by the end of July.
The number of e-KYC transactions executed via Aadhaar stood at 23.45 crore in August. The cumulative number of e-KYC transactions so far increased from 1249.23 crore in July to 1272.68 crore by the end of August, the government
data showed.
An e-KYC transaction is done only with the explicit consent of the Aadhaar holder and eliminates physical paperwork and in-person verification requirements for KYC. The Aadhaar e-KYC service is increasingly playing an important role for banking and non-banking financial services in providing better and more transparent customer experiences and ease of doing business. In August, residents successfully updated 1.46 crore Aadhaar numbers, and cumulatively till date (end of August), 65.01 crore Aadhaar numbers have been successfully updated.