India to incorporate biometric banking

The National Payments Corporation of India (NPCI) has published a document containing the specifications that financial institutions may have to adopt in order to enable biometric payments.

Appropriate implementation of biometric payments could give the country a competitive edge. The goal is to optimize the use of smartphones and biometric authentication from the Unique Identification Authority of India (UIDAI).

India to incorporate biometric banking

Current security layers would remain unaffected, easing innovations within the overall sphere of payments system regulations of the Reserve Bank of India (RBI).  This will place India as a leading country on such initiatives.


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