Aadhaar authentication charges slashed

Aadhaar authentication charges have just been cut by the UIDAI. The charges has been slashed to Rs 3 from Rs 20 per instance to enable entities leverage its infrastructure for providing ease of living to people via various services and benefits. Saurabh Garg, UIDAI CEO, said that the potential of leveraging Aadhaar in the financial technology sector is immense. Till date, more than 99 crore EKYC have been done using the Aadhaar system. Garg said that it gives a cost effective and non-repudiable solution to fintech companies to onboard new customers. He said that UIDAI does not share biometrics with anyone and expects all its partners to maintain the same level of privacy and security as the authority does. ■