UIDAI: Over 40 Cr last mile banking transactions are made through AePS

PUBLISHED:

See more TechGraph stories in your search results.
Google Add TechGraph on Google

UIDAI CEO Dr. Saurabh Garg has said that over five crore Aadhaar authentication is taking place per day and over 40 crore last-mile banking transactions are being done every month through Aadhaar-enabled Payment System (AePS).

Speaking at the 16th edition of India Digital Summit 2022, Garg said that “the numbers are beyond five crores when we take into account offline authentication, he said, “ We wanted anytime, anywhere authentication capabilities. For people who don’t want to use an online authentication facility, we have brought in the offline verification system and given it a legal basis. The offline verification is free for anyone to use. Aadhaar is a public infrastructure and the goal is how we can make it accessible to all at nominal rates or free. Currently, more than 700 welfare schemes are using Aadhaar infrastructure.”

- Advertisement -

“On the payments side, we have the Aadhaar-enabled Payment System for the last mile banking systems where the number is expanding rapidly. AePS has served the country well during the Covid period. Over 40 crore last-mile banking transactions are being done every month on the AePS system through 50 lakhs micro-ATMs,” he added.

He reiterated that for individual residents Aadhaar authentication is free and will always remain free. Recently, UIDAI had slashed the price for authentication to Rs 3 from Rs 20 per instance to enable entities to leverage their infrastructure for providing ease of living to people through various services and benefits.

Talking about Aadhaar 2.0, he mentioned that it will ensure faster automated biometric matching solutions, with a primary focus on the security of the ecosystem. 

He said that the authority is exploring possibilities for the usage of blockchain, quantum computing.

“We are looking at what blockchain has to offer, whether blockchain can be utilized in any manner for making decentralized-level solutions, it’s on the horizon. Cost-effective but secure Aadhaar data wall solutions, confidential computing, as a technology we can use in authentication, are some of the possibilities we are exploring. In quantum computing, we need to look at whether there are quantum resilient security solutions.”

“We have a robust legal framework around Aadhaar, the Data Protection Act will further strengthen the framework and so, there’s a lot of interest. Privacy concerns, data security is of paramount significance,” he added.

Stay ahead of the curve, every day.

A daily briefing covering news, interviews, and the trends driving the world forward. Curated for readers who want news, not noise.

We don’t spam! Read our privacy policy for more info.

- Advertisement -
Krishna Mali
Krishna Mali
Founder & Group Editor of TechGraph.

Top Gainers · Global

View all
NamePriceChange
BARCBarclays 43,265.00 GBX +1,000,478.17%
BNSScotiabank C$129.52 +32,313.48%
SHOPShopify C$239.71 +34.56%
TECHMTech Mahindra ₹1,790.00 +8.48%
WIPROWipro ₹184.40 +5.95%

Latest Stories

The best CRM for a small business with a remote sales team is the one that answers at 11 p.m.

Every month, 18,100 people in the US search for...

NumanCap Review 2026 | Markets, Margin and Mobile

Not long ago, trading meant calling a broker, paying...

The Rise of Retail Spaces in India’s Emerging Cities

Organized retail in India remained more or less restricted...

The Death of India’s Unicorn Obsession

As funding becomes more selective and M&A and secondary buyouts gain ground, India’s startup ecosystem is beginning to rethink what success looks like beyond the billion-dollar unicorn valuation.

How vertical SaaS can modernise India’s laundry and garment-care industry

Ask anyone in an Indian city how they get...

Related Articles

The best CRM for a small business with a remote sales team is the one that answers at 11 p.m.

Every month, 18,100 people in the US search for “best CRM for small businesses with remote sales teams” (Semrush, October 2026). The phrase is...

NumanCap Review 2026 | Markets, Margin and Mobile

Not long ago, trading meant calling a broker, paying a hefty commission, and waiting for a confirmation in the mail. Today you can open a position on oil, gold, the S&P 500, or Bitcoin from a laptop in a few clicks, or from your...

The Rise of Retail Spaces in India’s Emerging Cities

Organized retail in India remained more or less restricted to a select few metro...

The Death of India’s Unicorn Obsession

As funding becomes more selective and M&A and secondary buyouts gain ground, India’s startup ecosystem is beginning to rethink what success looks like beyond the billion-dollar unicorn valuation.

How to Set a WordPress Maintenance Budget Without Guessing

Build a practical WordPress care budget by separating recurring support, renewals, planned improvements and work that needs a separate decision.

From Alerts to Answers: How AI Is Rewriting Fraud Detection in Financial Services

Every bank, credit union, and payments company runs on a quiet paradox. The systems...

5 Best Gift Card Management Software Platforms for Growing Brands

Gift cards have quietly become one of the most valuable tools in a brand’s...

Who Needs to Comply With NIS2? A Sector-by-Sector Guide

Understand who NIS2 applies to, how Essential and Important Entities are classified, and what organisations need to do to strengthen cybersecurity compliance and operational resilience.

Scalefusion Launches Veltar Vulnerability Management for Endpoint Security

Veltar Vulnerability Management connects vulnerability detection with Scalefusion UEM, allowing security and IT teams to assess endpoint risks and move towards remediation within the same workflow.

Who Needs to Comply With NIS2? A Sector-by-Sector Guide

Understand who NIS2 applies to, how Essential and Important Entities are classified, and what organisations need to do to strengthen cybersecurity compliance and operational resilience.

Scalefusion Launches Veltar Vulnerability Management for Endpoint Security

Veltar Vulnerability Management connects vulnerability detection with Scalefusion UEM, allowing security and IT teams to assess endpoint risks and move towards remediation within the same workflow.

Where Driver Dollars Are Really Going

Owning a motor vehicle involves a wide variety of ongoing costs that go far...

How is the extensive use of AI causing cyber threats?

At times, when artificial intelligence is involved in routine procedures without even being noticed,...

What Will Happen to Your Home After a Divorce?

Divorce can affect nearly every part of a person’s life, including where they live...

How vertical SaaS can modernise India’s laundry and garment-care industry

Ask anyone in an Indian city how they get their clothes cleaned, and you'll probably hear the same story. A neighbourhood press-wallah who's been...

Where Driver Dollars Are Really Going

Owning a motor vehicle involves a wide variety of ongoing costs that go far...

How is the extensive use of AI causing cyber threats?

At times, when artificial intelligence is involved in routine procedures without even being noticed,...

Meta COO Javier Olivan Reports $3.3 Million Share Sale

Meta Platforms Inc. () COO Javier Olivan has sold 5,354 shares of the company's...

Meta COO Javier Olivan Reports $3.3 Million Share Sale

Meta Platforms Inc. () COO Javier Olivan has sold 5,354 shares of the company's...

Why AI Adoption Fails in Enterprises; and What Leaders Can Do Differently

Artificial Intelligence has become a boardroom priority. Organisations across industries are investing in AI...

Nebius Acquires AI Inference Startup Inferize

Inferize will join Nebius Token Factory, bringing technology designed to reduce model loading times and idle GPU capacity as Nebius expands its production AI inference capabilities.

What Does India’s First Tokenised Bond Pilot Mean for the Debt Market?

India has successfully completed its first tokenised bond issuances, marking a major step for Demat 2.0. While the pilot proves tokenised bonds can operate within the existing financial system, the next challenge is whether the technology can improve liquidity, trading and broader participation in the debt market.