India Post Payments Bank Launches Aadhaar-Based Face Authentication for Digital Banking:
The India Post Payments Bank (IPPB) has launched a nationwide Aadhaar-based face authentication feature for customer transactions. Developed under the Unique Identification Authority of India (UIDAI) framework, this innovation is designed to ensure financial inclusion while enhancing both security and convenience.The new feature allows customers to carry out banking transactions using facial recognition, eliminating the need for fingerprints or one-time passwords (OTPs). This contactless method is particularly beneficial for individuals who face challenges with biometric verification, such as the elderly, differently-abled, or those with worn fingerprints.
