New Payment System: Now customers will be able to pay merchants even without card or mobile, new service started

 

New Payment System Now customers will be able to pay merchants even without card or mobile, new service started

How To Work SmilePay: SmilePay enables users to make payments by scanning their faces. After the launch of this facility, customers will be able to make payments to merchants even without a card or mobile.

What is SmilePay: If you also have a bank account in Federal Bank, then this news is useful for you. Yes, private sector bank Federal Bank has started a facial  payment system called SmilePay. With this, customers will be able to pay money by just smiling at the camera. After the launch of this service, you will not even need cash, card or mobile for money transactions. Its use has started at some selected branches through Reliance Retail and Ananya Birla’s independent micro finance.

Started as a pilot project

Right now this facility has been started as a pilot project. In this system based on ‘BHIM Aadhaar Pay’, biometric data is used to withdraw money from the account linked to the Aadhaar number. The information given about this system states that a completely secure facial recognition system from UIDAI will be used for this. Let us know about Smile Pay in detail and also know how it will work?

What is SmilePay?

According to the press release issued by Federal Bank, SmilePay is the first payment system of its kind in the country. It uses the upgraded face recognition technology built on UIDAI’s BHIM Aadhaar Pay. SmilePay enables users to make payments by scanning their faces. After the introduction of this facility, customers will be able to make payments to merchants even without a card or mobile. The entire transaction process will be completed in two steps. Federal Bank CDO Indranil Pandit said that after payment by cash to card, QR code, now payment with your one smile is very interesting. We hope people will like it a lot.

Features and benefits of SmilePay

Through SmilePay, you can complete your transaction without carrying cash, card or mobile device. Along with this, the introduction of this facility will also provide relief from the crowd at the counter. Safe and reliable transactions can be done on the basis of safe UIDAI face recognition service. SmilePay feature will be available exclusively for Federal Bank customers. For this, both merchants and customers will need to have accounts in the bank. Federal Bank is also planning to expand this scheme in the coming time.

How will payment be made through Smile Pay?

Customers visiting the shops associated with Federal Bank will have to have the FED MERCHANT app on their mobile. When you have to bill, choose Smile Pay at the time of checkout. The shopkeeper will start the payment through the FED MERCHANT app by entering the customer’s Aadhaar number. The shopkeeper’s mobile camera will scan the customer’s face and match it with the face recognition data based on the UIDAI system. If it is found correct, the payment will be made immediately and money will be deducted from the customer’s account. This money will be deposited in the shopkeeper’s Federal Bank account. When the payment is processed, the FED MERCHANT app will tell you that the payment has been completed.

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