eMudhra, a digital identity and transaction management space on Wednesday announced that it has received issuance of over 20 million eSigns, since its inception in July 2015, surpassing its 2.5 million eSigns target which was set at the end of 2016.
eMudhra, a digital identity and transaction management space on Wednesday announced that it has received issuance of over 20 million eSigns, since its inception in July 2015, surpassing its 2.5 million eSigns target which was set at the end of 2016.
eSign is eMudhra?s flagship service, which allows any Aadhaar holder to digitally sign a document. This is a new and innovative way to sign any document electronically without going through the hassle of signing a document physically or with a dongle based digital signature.
The signature service is facilitated by authenticating the Aadhaar holder via the Aadhaar-based e-KYC service and an OTP sent to the registered mobile number so the customer does not have to be physically present for verifying identity.
eSign is legally valid under the Information Technology Act of India. On an average, eMudhra issues 150,000 eSigns per day and expects to achieve 50-75 million eSigns in the next 12 months.
?From the start, our endeavor is to enable paperless transformation and support the Government of India?s ?Digital India? vision. Crossing 20 million eSigns is a huge testament to our success in providing solutions that aligns with the government?s vision of a paperless and cashless economy,? said V. Srinivasan, Founder Chairman, eMudhra.
eSign has become a popular mechanism as it improves the ease of doing business by allowing organisations to digitally transform their operations. Plenty of large organisations are now changing the way business is operated and this in turn is leading to a satisfied Customer.
The entire technology architecture including software has been developed by the in-house R&D team of eMudhra, in line with government?s ?Make in India? Vision.
While ERP and CRM address the flow of data, the last mile problem of document flow with signatures is perennially present, resulting in printing, signing, couriering, scanning and storage of documents, adding to costs and turnaround times.
eSign helps organisations sign the document digitally without the need for printing it. This reduces the time, money, and efforts lost in doing paperwork.
eMudhra?s eSign service has been widely adopted by several large organisations, including banks, government agencies across the country.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)
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