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Federal Bank introduces SmilePay, India’s first facial recognition-based payment system, for secure and convenient transactions.
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SmilePay is currently being piloted at select branches and outlets in collaboration with Reliance Retail and Svatantra Micro Housing.
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The system uses UIDAI’s face authentication service, eliminating the need for cash, cards, or mobile devices.
Federal Bank has launched SmilePay, a revolutionary facial recognition-based payment system, making it the first of its kind in India. This innovative technology allows customers to complete transactions using facial recognition, providing a secure and convenient payment experience.
SmilePay is currently being piloted at select branches and outlets in collaboration with Reliance Retail and Svatantra Micro Housing. The system is built on the UIDAI’s face authentication service, ensuring robust security and efficiency. With SmilePay, customers no longer need to carry cash, cards, or mobile devices, making transactions easier and faster.
Federal Bank plans to expand SmilePay and explore strategic partnerships to increase its reach. This launch reinforces the bank’s commitment to innovation and customer convenience, contributing to the development of a more connected financial ecosystem in India.
