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Aadhaar-enabled Payment System(AePS) for face authentication is a biometric authentication method used in India for financial transactions. It allows individuals to authenticate their identity for banking and financial services by using their face as a biometric identifier linked to their 12-digit Aadhaar Card. This technology enables secure and convenient access to financial services and transactions, reducing the dependency on the traditional methods such as PINs or passwords. It's part of the broader effort to promote f secure and simple banking solutions to drive financial and digital inclusion in the country. In the blog, we will brief about the Airtel Payments Bank’s collaboration with the National Payments Corporation of India (NPCI) to introduce the face authentication for the AePS at 5 lakh+ banking points across India.

Here’s how AePS for Face Authentication Enhances the Digital Banking:

Below are the key benefits of AePS for Face Authentication: · It offers fast & non- invasive identity verification of the bank customers · It adds an extra layer of security to payments, by verifying that the bank customer and help to prevent fraud and identity theft · It makes payments more convenient, by allowing the customers to pay with just a glance which ultimately saves time and hassle · It also improve the customer experience as such personalized experiences and be more likely to stay with the bank long-term

How does the Face Authentication for AePS Works?

Earlier, the transactions were being authenticated using the customer’s Aadhaar number and fingerprint or Iris match in the Unique Identification Authority of India (UIDAI) records. However, the new facility enables the customers to validate the transaction by undertaking face authentication along with the Aadhaar number. The authentication is processed using the Face Authentication RD Application by the UIDAI.

What all services can the customer avail using AePS?

Currently, Airtel Payments Bank customers can use AePS for non-financial that include balance enquiry and mini-statement.

What are the objectives of AePS for Face Authentication?

· To empower a Airtel Payments Bank customer to use Aadhaar as his/her identity to access the bank account and perform basic banking transactions · To sub-serve the goal of Government of India and Reserve Bank of India in elevating the financial inclusion in India · To sub-serve the goal of RBI in electronification of retail payments · To facilitate inter-operability across banks in a safe and secured manner · To build the foundation for a full range of Aadhaar enabled Banking services

Conclusion

The world of financial technology is constantly evolving and smart banking must continue to improve as well. Finding creative ways to leverage available technology, such as face authentication for Aadhar Enabled Payment System will support the growing needs and expectations of new-age digital banking.