Kochi, July 25 -- Federal Bank, a leading private sector Bank in collaboration with fintech partners M2P and MinkasuPay, has introduced India's first-ever biometric authentication solution for e-commerce card transactions.
There is no need for OTPs as customers can now authenticate online purchases using just a touch or a look-their Fingerprint or Face ID. This solution not only enhances security but also significantly improves transaction speed and user experience.
The solution replaces cumbersome OTPs with biometric verification, reducing transaction times to just 3-4 seconds, while enhancing the security. The solution is designed to combine simplicity with security offering users a seamless experience.
Virat Sunil Diwanji, National He...