Aadhaar News: Increased Craze For Aadhaar Based Face Authentication, Record 10.7 Million Transactions In May

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Aadhaar Based Face Authentication: The Aadhaar-based face authentication transaction craze is steadily increasing in the country. According to the Ministry of Information Technology, Aadhaar-based face authentication transactions touched an all-time high of 10.7 million in May 2023, the highest since the facility was introduced in October 2021.

According to data released by the ministry, this is the second consecutive month when the number of Aadhaar-based face authentication transactions has crossed 10 million. The number of Aadhaar-based face authentication transactions has continued to grow and increased by 38 percent in May compared to January 2023.

The Aadhaar-based face authentication solution developed by UIDAI is used by 47 institutions, including state government ministries, central government ministries and banks.

Aadhaar based face authentication is done to identify the beneficiaries of Ayushman Bharat Pradhan Mantri Jan Arogya Yojana. Apart from this, verification of beneficiaries of PM Kisan and digital life certificate for pensioners are used to remove it at home. In addition, Aadhaar-based face authentication is being used to open bank accounts by business correspondents with staff presence in government departments.

Aadhaar based face authentication is proving to be very convenient for these senior citizens who are facing issues with the quality of fingerprints. Also, it is proving to be helpful for those who are in labour.

In May, UIDAI executed 14.86 million Aadhaar updates following citizen requests. May witnessed 254 million e-KYC transactions. By the end of May 2023, 15.2 billion Aadhaar e-KYC transactions have been completed. E-KYC has led to a huge reduction in customer acquisition costs for financial firms, telecom service provider companies.

According to the press release, face authentication offers features such as ease of use, faster authentication, along with fingerprint and OTP as an additional means to strengthen the authentication success rate.

According to the release, in May, UIDAI implemented 14.86 million Aadhaar updates following requests from residents. According to the release, more than 254 million e-KYC transactions were done in May alone.