eMudhra surpasses 20 Million eSigns within two years
eMudhra, a market leader in the secure digital Identity and transaction management space, announced today it has surpassed the issuance of over 20 million eSigns. The firm launched eSign services in July 2015 and has achieved this number within a short span of 2 years. The firm announced issuance of 2.5 million eSigns at the end of the year 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 (electronic Know Your Customer) 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. eMudhra issues 150,000 eSigns on an average per day and expects to achieve 50-75 million eSigns in the next 12 months.
On achieving this milestone, Mr V. Srinivasan, Founder Chairman eMudhra said, “From the start, our endeavor is to enable paperless transformation and support the Government of India’s (GOI) ‘Digital India’ vision. We have always laid the importance on customer convenience and substantial cost advantages to Customers through our eSign services. 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. This is a very important milestone in our journey to be a leader in identity and transaction management.”
The Government is bullish on making India a technologically advanced nation. As a result of the efforts laid down by GoI, eSign has become a popular mechanism and improves the ease of doing business, allowing organizations to digitally transform their operations. Plenty of large organizations are now changing the way business is operated and this in turn is leading to a satisfied Customer. 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, CRM, etc. address the flow of data, the last mile problem of document flow with signatures is perennially present which results in printing, signing, couriering, scanning, storage of documents adding to costs and turnaround times. eSign helps organizations 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 organizations including banks, government agencies across the country.