UIDAI slashes Aadhaar authentication charge to Rs 3: CEO Saurabh Garg

Aadhaar custodian UIDAI has slashed the worth for authentication by prospects to Rs 3 from Rs 20 per occasion to allow entities leverage its infrastructure for offering ease of dwelling to folks via varied companies and advantages. Whereas talking at Global Fintech Fest organised by NPCI-IAMAI, Unique Identity Authority of India CEO Saurabh Garg mentioned that the potential of leveraging Aadhaar within the monetary expertise sector is immense.

“We now have slashed the speed from Rs 20 per authentication to Rs 3 and the target has been to make sure that totally different companies, entities ought to be capable of use the ability of digital infrastructure which has been created by the state that must be used to offer folks with ease of dwelling with dignity,” Garg mentioned.

Until date, greater than 99 crore eKYC have been executed utilizing Aadhaar system.

“I feel it provides a price efficient and non-repudiable resolution to corporations to onboard new prospects. That’s the place the ability lies and KYC of the Aadhar offers lifetime and reusable id which is the ability of the Aadhaar system,” Garg mentioned.

He mentioned that UIDAI doesn’t share biometrics with anybody and expects all its companions to keep up the identical stage of safety and privateness because the authority does.

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