Like with iPhones, you may soon be able to unlock Paytm app with your face
Taking
its digital
payments platform to the next level, One97 Communications Limited,
which owns the Paytm brand, is experimenting with facial recognition technology
to unlock the payments application. This is expected to enhance the security of
accounts, said source in the company privy to this development.
To
begin with, the Vijay Shekhar Sharma-owned company is testing the face login
feature on its Android beta app, the person said. This will be an important
security update for Paytm
users that is designed to prevent phishing attacks by providing an additional
security layer of biometric security, said a security expert.
The
tool would also remove the complexity of resetting passwords to log in to
accounts as there are instances when users accidentally share their account
details with others and are mostly not comfortable with resetting their
password. Reports have said that the Noida-based company is also working on allowing
customers to make payments at merchant outlets with the blink of an eye. Read
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