Airtel Payments Bank Introduces Face Authentication For Aadhaar

In order to roll out face authentication for the Aadhaar-enabled Payment System (AePS) at its five lakh banking locations, Airtel Payments Bank has partnered with the National Payments Corporation of India (NPCI). One of the first projects of its sort in India, four banks have teamed up with NPCI to enable face identification for AePS, and this action marks that partnership.

With AePS, customers can access their Aadhaar-linked bank account using their Aadhaar number or virtual ID to conduct financial and non-financial transactions at any banking location. Transactions were up to this point authenticated by the customer’s Aadhaar number and a fingerprint or iris match in the UIDAI database. Customers will be able to use the new feature to validate a transaction by using facial authentication in addition to their Aadhaar number.

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Collaboration with NPCI: Through this partnership, Airtel Payments Bank will be able to reach more people in the nation and improve the use of Aadhaar-based transactions.

Rollout Strategy: Initially, the facility would be made available to non-financial transactions like balance inquiries and mini-statements by Airtel Payments Bank. Airtel Payments Bank will provide the functionality for its users at other banking outlets as well as for customers of other banks, in accordance with NPCI guidelines.

Testing Digital Payments over Feature Phones and IVR: In order to test digital payments over feature phones, Airtel Payments Bank has teamed up with NPCI. In addition to other use cases, the business is exploring interactive voice response (IVR) for digital payments with NPCI in tier-II and tier-III cities.

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• Following are some crucial details about Airtel Payments Bank:
  A significant Indian telecommunications business, Bharti Airtel, has a subsidiary called Airtel Payments Bank. The country’s underbanked and unbanked people will receive digital banking and financial services from India’s first payments bank, which was established in 2017 with a focus on those group.
• A variety of services are provided by Airtel Payments Bank, including savings accounts, current accounts, money transfers, bill payment services, and online banking.
  The bank runs through a network of banking points, which includes authorized banking points, partner shops, and Airtel retail locations.
• Customers can only use Airtel Payments Bank, which operates as a semi-closed wallet and is licenced by the Reserve Bank of India (RBI), to conduct business with the bank’s approved merchants.
• The bank collaborates with several government initiatives, such as the Pradhan Mantri Jan Dhan Yojana (PMJDY), to provide digital banking services to the nation’s unbanked population.