Aadhaar custodian UIDAI To enable entities to leverage their infrastructure to provide ease of living to people through various services and benefits, the cost for authentication by customers has been reduced from Rs 20 per instance to Rs 3 per instance. while speaking on Global Fintech Fest Organized by NPCI-IAMAI, Unique Identification Authority of India CEO Saurabh Garg He said that there is immense potential in the financial technology sector to take advantage of Aadhaar.

“We have reduced the rate per authentication from Rs 20 to Rs 3 and the aim is to ensure that various agencies, entities are able to harness the power of the digital infrastructure, which has been created by the state to provide There is a need to use people with ease to live with dignity,” Garg said.

So far more than 99 crore eKYCs have been done using the Aadhaar system.

Garg said, “I feel it gives a cost-effective and non-repudiation solution to companies to add new customers. This is where KYC of Aadhaar provides lifelong and reusable identity which is a feature of Aadhaar system. have power.”

He said that UIDAI does not share biometrics with anyone and expects all its partners to maintain the same level of security and confidentiality as the authority does.