The Unique Identification Authority of India (UIDAI) slashed the price for Aadhar card authentication from Rs 20 to Rs 3. UIDAI CEO Saurabh Garg said that the prices were slashed to ensure that different agencies, entities should be able to use the power of digital infrastructure to provide people with ease of living with dignity.
The department of telecommunications (DoT) issued a series of orders to implement "contactless, customer-centric and secured KYC processes" last week.
The telecom department said that online service delivery has become an acceptable norm in the recent past, and most of the customer services are being offered through the internet with OTP authentication. "Contactless services in the Covid era needs to be promoted for subscriber convenience and also for ease of doing business."
It was announced earlier this month that cardholders who have not registered their mobile number could download their Aadhaar card from the website. Over 99 crore e-KYC have been done using the Aadhaar system to date.
Garg told Hindustan Times that the slashed prices would give a cost-effective and non-repudiable solution to fintech companies to onboard new customers.