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Aadhaar authentications lowest in June this year as wallets unauthorised for KYC

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The number of Aadhaar authentications in June ground to their lowest this year, the Economic Times reports. According to UIDAI data accessed by ET, the number of authentications done in June come out to 859 million. That same number in September was 1.48 billion in September 2017, which is pretty much one authentication per person in India.

This slowdown comes as UIDAI temporarily bars mobile wallet companies — and Airtel Payments Bank — from using Aadhaar for KYC, due to privacy concerns. Paytm, the largest mobile wallet company in India, is unaffected since it also has a payments bank license that exempts it from the May 16 circular putting wallet KYC on hold.

Another factor may be that the deadline for Aadhaar linking of bank accounts and mobile connections has been extended by the Supreme Court until it delivers its verdict on a batch of Aadhaar-related petitions.

Government extends PAN linking deadline

The government has also, for the fifth time, extended the Aadhaar–PAN linking deadline, per NDTV. The deadline was originally June 30th, but it’s now been postponed by almost three quarters to March 31st 2019. On Friday, the Bombay High Court allowed 25 individuals to file their income tax returns without Aadhaar. The government extended the deadline the very next day.

The Supreme Court’s verdict on all Aadhaar related petitions is expected to arrive soon, now that the institution’s summer vacation has ended and business has resumed.

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