A New Payment Method is to Transfer Money Using Facial Recognition with SmilePay. In the past, withdrawing cash from ATMs required entering a PIN.
With the advent of UPI (Unified Payments Interface), the way we make payments has evolved, allowing us to complete transactions directly from our phones. Now, new payment technologies continue to emerge, offering even more convenience.
Introducing SmilePay by Federal Bank: Federal Bank has taken a significant step forward in payment technology with its new feature, SmilePay.
This innovative method, designed for your comfort, allows customers to make payments using only facial recognition, eliminating the need for physical items like cards or mobile phones.
How SmilePay Works: The process of using SmilePay is straightforward:
- The merchant selects the SmilePay option in the Fed Merchant mobile application.
- The customer enters the customer’s UID number.
- The system scans the customer, and the bank processes the facial data for verification.
- Once verified, the payment is completed.
Why SmilePay is Revolutionary: SmilePay is designed to provide a seamless and secure payment experience. By using facial recognition, it offers:
- Convenience: No need for cards, phones, or PINs.
- Security: Facial data is used for verification, ensuring only the rightful person can authorize the payment.
As technology evolves, methods like SmilePay pave the way for a future where payments become faster, safer, and more efficient.
With the introduction of SmilePay, Federal Bank has embraced the latest in payment innovation. This new feature simplifies and secures transactions, making paying with just a smile easier than ever.