Airtel Payments Bank to Rollout Face Authentication for Aadhaar-enabled Payment System With NPCI

Airtel Payments Bank has teamed up with the National Payments Corporation of India (NPCI) to introduce Face Authentication for AePS (Aadhaar-enabled Payment System) at its 500,000 banking points. Airtel Payments Bank, the only profitable multi-segment fintech in India with a banking license, is one of the first four banks to offer this technology in India.

• Make Telecom Talk My Trusted Source
• 
• 

Also Read: Airtel Payments Bank With 56 Million Customers Will Shine a Lot, Says Sunil Mittal: Report

AePS allows financial transactions via Aadhaar number

The AePS from NPCI allows customers to conduct financial and non-financial transactions at any banking point by using their Aadhaar number or virtual ID to access their Aadhaar-linked bank account. Until now, customers have been required to use their Aadhaar number and fingerprint or iris match to authenticate transactions in UIDAI records.

However, this new facility will allow customers to validate their transactions through face authentication and their Aadhaar number. The authentication process will be managed using the Face Authentication RD Application from the Unique Identification Authority of India (UIDAI).

Also Read: Airtel Payments Bank Deposits Grew by 50% Over Last Year

First Phase of Implementation

During the first phase of implementation, the facility will only be available for non-financial transactions such as balance enquiry and mini-statements for Airtel Payments Bank customers. The Bank plans to extend the service to include financial transactions in the future. As per the guidance from NPCI, Airtel Payments Bank will enable the functionality for other bank customers and the Bank’s customers at other banking outlets.