Payments News


Airtel Payments Bank Rolls Out e-KYC-Based Face Authentication for Opening Saving Accounts

“Airtel Payments Bank 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.”