Airtel Payment Bank rolls out face authentication for savings account

Airtel Payments Bank on Tuesday announced the launch of a face authentication-based savings bank account opening for customers. The payments bank said the facility would further ease the account opening, making it seamless and convenient for customers.

Airtel Payments Bank is the first Payments Bank in the country to offer this facility.

The payments bank said the new facility would help business correspondents (BCs) of the bank to open an account just by undertaking face authentication through electronic know-your-customers (e-KYC).

The authentication is processed using a newly developed mobile application by the Unique Identification Authority of India (UIDAI), the payments bank said, adding that, 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, it said.

Anubrata Biswas, Managing Director and Chief Executive Officer of Airtel Payments Bank, said, “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.”