Aadhaar usage records growth, 25.25 crore e-KYC transactions in Sep

New Delhi: Aadhaar adoption and usage continued to record growth as during the month of September, 25.25 crore e-KYC transactions were executed through Aadhaar — almost 7.7 per cent jump in such transactions when compared with August.
An e-KYC transaction is done, only with the explicit consent of the Aadhaar holder, and eliminates physical paperwork, and in-person verification requirement for KYC.
As per the Ministry of IT, Aadhaar e-KYC service is increasingly playing a crucial role for banking and non-banking financial services by providing better and transparent customer experience, and ease of doing business. The cumulative number of e-KYC transactions via Aadhaar so far has increased to 1,297.93 crore by the end of September 2022.
Similarly, Aadhaar Enabled Payment System (AEPS) has been an enabler of financial inclusion at the bottom of the income pyramid. Cumulatively, 1,549.84 crores of last mile banking transactions have been made possible through the use of AEPS and the network of micro ATMs so far by the end of September 2022.
In September alone, 21.03 crore AEPS transactions were carried out across India.
In September, 175.41 crore authentication transactions were carried out via Aadhaar.