Aadhaar Authentication Approved for Razorpay, PayU & 2 Others

Ministry of Finance, through a notification dated 12th December 2024, has authorized certain reporting entities to perform Aadhaar authentication under the Prevention of Money-laundering Act, 2002. This decision is made under Section 11A of the Money-laundering Act, with the consultation of the Unique Identification Authority of India (UIDAI) and the Reserve Bank of India (RBI). The entities allowed to use Aadhaar authentication are Annapurna Finance Private Limited, Incred Financial Services Limited, PayU Finance India Private Limited, and Razorpay Technologies Private Limited. These entities must comply with the privacy and security standards outlined under the Aadhaar Act, 2016.

MINISTRY OF FINANCE
(Department of Revenue)
NOTIFICATION
New Delhi, the 12th December, 2024

S.O. 5371(E).— In exercise of the powers conferred by sub-section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003) (hereinafter referred to as the Money-laundering Act), the Central Government on being satisfied that the reporting entities mentioned in the TABLE below shall comply with the standards of privacy and security under the Aadhaar (Targeted Delivery of Financial and Other Subsides, Benefits and Services) Act, 2016 (18 of 2016) (hereinafter referred to as the Aadhaar Act), and it is necessary and expedient to do so, after consultation with the Unique Identification Authority of India established under sub-section (1) of section 11 of the Aadhaar Act and the appropriate regulator, namely, the Reserve Bank of India, hereby permits the said reporting entities to perform authentication under the Aadhaar Act for the purposes of section 11A of the Money-laundering Act, namely:–

TABLE

[F. No. P-12011/11/2021-ES Cell-DOR-Part(1)]

MANOJ KUMAR SINGH, Director (Hqr.)