Aadhaar e-KYC transactions jump 18.53% to 84.8 crore in Q3 of FY 2022-23

New Delhi : Adoption of Aadhaar based e-KYC is witnessing a continuous progress, and in the October-December quarter (Q3) of FY 2022-23, more than 84.8 crore e-KYC transactions were executed using Aadhaar, a growth of 18.53% over the Q2 (July-Sept) of the current financial year.

In December alone 32.49 crore e-KYC transactions were carried out using Aadhaar, over 13% more than the previous month. In October, the number of Aadhaar e-KYC transactions were 23.56 crore and in November such transactions went up to 28.75 crore, before jumping further in December, indicating its growing usage and utility in the economy.

By the end of December 2022, the cumulative number of Aadhaar e-KYC transactions so far has gone up-to 1382.73 crore. Similarly, Aadhaar authentication transactions too are witnessing a growing adoption and usage among residents.

In the month of December alone, 208.47 crore Aadhaar authentication transactions were carried out, nearly 6.7% more than the previous month. So far, cumulatively nearly 8829.66 crore crore Aadhaar authentication transactions have been executed by the end of December 2022.

It shows how Aadhaar is playing an increasing role in financial inclusion, welfare deliveries, and to avail several other services. The digital ID is helping various ministries and departments in the centre and at states in improving efficiency, transparency and delivery of welfare services to the targeted beneficiaries.

The Aadhaar Enabled Payment System (AePS) is enabling financial inclusion for those at the bottom of the income pyramid.  By the end of December 2022, cumulatively, 1610.44 crore of last mile banking transactions have been made possible through AePS and the network of micro-ATMs.