- They have partnered to grant biometric authentication solutions to perform net banking payments in merchant apps by using fingerprint or face IDs.
- For this purpose, there won’t be any need for a username, password, or OPTs.
- This biometric authentication solution will reduce payment time from approx. 1 minute to just 3-4 seconds.
- The entities aim to enhance transaction success rate and customer experience.
- MinkasuPay’s biometric authentication solution will be implemented, which will be a 2-factor authentication solution as per guidelines by RBI. This will result in I quick, safe digital transactions.
- Static Part:
- HQ of MinkasuPay: Coimbatore, TN
Question:
Q.1 Which bank partnered with MinkasuPay to implement biometric authentication solutions to perform net banking payments in merchant apps by using fingerprint or face IDs?
a. Bandhan Bank
b. Kotak Mahindra Bank
c. ICICI Bank
d. Axis Bank
a. Bandhan Bank
b. Kotak Mahindra Bank
c. ICICI Bank
d. Axis Bank
