UIDAI extended e-authentication platform to 300 fintechs & NBFCs in last six months
The Indian government will showcase Aadhaar and India Stack and how they could be used by other countries for their residents and their digital economies.
New Delhi: The Unique Identification Authority of India has extended its e-authentication platform to around 300 fintech and NBFCs in the last six months for the onboarding of customers, which will drastically reduce their customer acquisition costs and reduce service costs for residents, according to Dr Saurabh Garg, CEO, UIDAI.
With India assuming the G20 presidency for a year, the country’s digital growth story would be a key showpiece for the world to adopt. The Indian government will showcase Aadhaar and India Stack and how they could be used by other countries for their residents and their digital economies.
India’s digital economy has come a long way since the first Aadhaar was rolled out in September 2010, with UIDAI issuing over 1.35 billion Aadhaar numbers to residents so far.
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