Airtel Payments Bank has introduced face authentication-based savings bank account opening for customers. The company claims that the feature will ease the process of account opening. The company also claims that it is the first Payments Bank in the country to introduce this facility.
The authentication is processed using a newly developed mobile application by the Unique Identification Authority of India (UIDAI) as a result, the business correspondent will now only need a smartphone to open an account. The bank will make this facility available across all its 500,000 banking points by the end of this year.
Till now, if a customer wished to open an account with Airtel Payments Bank, the Aadhaar-based OTP or fingerprint biometric authentication was carried out.
This is Airtel Payments Bank’s one more initiative after it recently integrated with the National Payments Corporation of India’s (NPCI) – National Financial Switch (NFS) to facilitate Micro ATM transactions for debit card users residing beyond the metro and tier 1 cities.
“We at Airtel Payments Bank believe in strengthening our bouquet of digital services with the latest technology and provide our customers access to improved digital banking solutions which are user-friendly. This safe and secure authentication process has been made possible by the efforts of the UIDAI, which is a huge step in furthering the cause of inclusive banking in the country,” said Anubrata Biswas, MD & CEO of Airtel Payments Bank.
The authentication is processed using a newly developed mobile application by the Unique Identification Authority of India (UIDAI) as a result, the business correspondent will now only need a smartphone to open an account. The bank will make this facility available across all its 500,000 banking points by the end of this year.
Till now, if a customer wished to open an account with Airtel Payments Bank, the Aadhaar-based OTP or fingerprint biometric authentication was carried out.
This is Airtel Payments Bank’s one more initiative after it recently integrated with the National Payments Corporation of India’s (NPCI) – National Financial Switch (NFS) to facilitate Micro ATM transactions for debit card users residing beyond the metro and tier 1 cities.
“We at Airtel Payments Bank believe in strengthening our bouquet of digital services with the latest technology and provide our customers access to improved digital banking solutions which are user-friendly. This safe and secure authentication process has been made possible by the efforts of the UIDAI, which is a huge step in furthering the cause of inclusive banking in the country,” said Anubrata Biswas, MD & CEO of Airtel Payments Bank.
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