Tuesday, 31 March, 2026
Razorpay and YES BANK Launch India's First RBI-Compliant Biometric Card Authentication System
By Isha
Razorpay, in collaboration with YES BANK, has introduced India's first RBI-compliant biometric card authentication system for online payments. This innovative system utilizes facial recognition to verify transactions, eliminating the need for traditional PINs and OTPs. It can process up to 10,000 transactions per second and incorporates AI-powered risk checks to enhance security.
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