Federal Bank: Technology has made financial services very easy for people. But, improvements are still being made continuously so that people can get financial services according to their changing needs. A similar facility will now be available in the form of SmilePay. With its help, you will not need cash, card or any mobile to make any payment. This system will work completely by recognizing your face. After the arrival of SmilePay, your cash and cards will become a part of history.
Federal Bank launches Aadhaar based SmilePay facility
Private sector Federal Bank has launched this SmilePay facility. According to the bank, SmilePay will make payment by recognizing your face (Facial Authentication Technology). This technology has been developed on BHIM Aadhaar Pay infrastructure. Federal Bank has introduced it at the Global Fintech Fest. According to the bank, SmilePay will bring a revolution in the payment process. This will also provide a lot of convenience to customers and merchants.
Isha Ambani and Ananya Birla’s companies are also using it
Isha Ambani’s Reliance Retail and Ananya Birla’s Swatantra Micro Housing are also working on this technology. Both the companies have started implementing SmilePay. According to Federal Bank, we have traveled from cash to card and from card to QR code. Now the time of Facial Recognition Technology (FRT) is about to come.
Payment can be taken by scanning the customer’s face
According to Federal Bank, SmilePay will give you freedom from carrying cash, card or mobile with you. With its help, there will be no queues and the time taken in transactions will be reduced. Due to support from UIDAI, which created Aadhaar, transactions will be completely safe. Payment can be taken by scanning the customer’s face. Since your Aadhaar number is linked to the bank account, there will be no problem. Federal Bank has started making it available to its customers. Apart from this, the bank is also ready to tie up with other banking service providing companies.
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