Revolutionizing Digital Banking with Aadhaar Face Authentication

India Post Payments Bank (IPPB) has initiated a nationwide rollout of Aadhaar-based face authentication for customer transactions. This move is anticipated to bolster digital banking security and convenience, especially benefiting elderly and differently abled individuals, as announced in a recent statement.

Developed under the auspices of the Unique Identification Authority of India (UIDAI), the new face authentication feature allows customers to conduct banking transactions through facial recognition. This innovation eliminates the need for traditional biometric inputs, such as fingerprints or OTPs.

IPPB's Managing Director and CEO, R Viswesvaran, emphasized the bank's commitment to making banking both accessible and dignified. He stated that the initiative aims to prevent exclusion due to limitations in biometric verification, thus advancing financial inclusion across a broad spectrum of customers.

(With inputs from agencies.)