Aadhaar authentication charged slashed to Rs 3 by UIDAI
- ByManjeet Singh | September 29, 2021
The price for Aadhaar authentication by UIDAI has been slashed to Rs 3 per instance from Rs 20 in order to promote organizations leveraging their infrastructure to offer people services and benefits.
At the Global Fintech Fest organized by NPCI-IAMAI, Unique Identity Authority of India CEO Saurabh Garg said Aadhaar has tremendous potential in the financial technology sector.
“We have slashed the rate from Rs 20 per authentication to Rs 3 and the objective has been to ensure that different agencies, entities should be able to use the power of digital infrastructure which has been created by the state that needs to be used to provide people with ease of living with dignity,” Garg said.
“I think it gives a cost-effective and non-repudiable solution to fintech companies to onboard new customers. That is where the power lies and KYC of the Aadhar provides lifetime and reusable identity which is the power of the Aadhaar system,” Garg said.
There have been more than 99 crore KYCs using Aadhaar to date.
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