A comprehensive suite that caters to all the steps involved in the
Aadhaar OTP eSign journey.
Automatically detect downtimes and redirect users to another ESP automatically
Aadhaar Name authentication is performed before eSign execution to minimize frauds
Integration with backup vendors such as NSDL/ Protean, Verasys and CDSL to ensure minimal drop offs
Downtimes
Downtimes of eSign Service Provider results in drop-offs
Validation
OTP delivery delays lead to incomplete validation
Identity Fraud
Misuse of Aadhaar or stolen OTP leads to identity fraud
| eSign KYC forms for KRA upload | DDPI Documents |
| Attestation of OVDs | KRA Document Signing |
| Loan against shares documentation | Sub-broker appointment agreements |
| e-Sign of Demat Account Opening Forms for UCC generation and activation with NSE, BSE | |
| Loan agreement signing | Attestation of OVDs |
| Bulk agreement e-Sign initiation from excel | Agreement e-Stamping |
Multiple fallback opts & backup vendors to minimize drop-offs.
Plug and Play module for easy integration.
Aadhaar name matches against signee's to prevent fraud.
Order of fallbacks can be customized as per client’s preference or by uptime SLAs.
What is Aadhaar OTP eSign, and why is it a preferred method for digital signatures?
Aadhaar OTP eSign is a compliant form of electronic signature authorized by the Indian government, making it legally defensible in court. It leverages the Aadhaar authentication system, where users receive a one-time password (OTP) on their registered mobile number to validate their identity and sign documents electronically. This method is highly secure, convenient, and widely accepted, making it the preferred choice for signing financial agreements, loan agreements, account opening forms, and more.
How does HyperVerge ensure seamless Aadhaar OTP eSign experiences for businesses?
HyperVerge addresses common challenges faced by businesses with Aadhaar OTP eSign, such as high drop-off rates and fraud concerns. To reduce drop-offs, we automatically detect downtime of Electronic Signature Service Providers (ESPs) and seamlessly redirect transactions to alternate ESPs to ensure minimal disruptions. Additionally, our solution offers Aadhaar name authentication to prevent fraud, allowing businesses to verify the authenticity of the signee before executing the eSign. With backup orchestration between multiple ESPs and fraud prevention measures, HyperVerge ensures a smooth and secure eSign process for businesses and their customers.
What are the compliance requirements and licensing details for Aadhaar OTP eSign providers?
Aadhaar OTP eSign providers, known as Electronic Signature Service Providers (ESPs), must adhere to the regulatory framework established by the Controller of Certifying Authorities under the Information Technology Act, 2000. These ESPs are licensed entities authorized to offer electronic signature services in India, ensuring that their solutions meet the criteria for authenticity, integrity, and legal recognition. HyperVerge collaborates with licensed ESPs like Leegality to offer Aadhaar OTP eSign services, ensuring compliance with regulatory requirements and providing businesses with a trusted and legally binding digital signature solution.
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