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Yes Bank to use biometrics, iris-scanning to enable transactions

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INDIA’S fifth largest private sector bank has partnered with fintech firm Lastmile.mobi, which provides a secure, cloud-based platform for digital identification and payments.

The firm’s IRIS EMV PoS (Point-of-Sale) terminal allows customers to pay for goods, make deposits and withdrawals, transfer funds, open accounts and even sign digital signatures. According to Inc42, Yes Bank says this is the first implementation of its kind in the country.

For more on this story visit the following link: Yes Bank to use biometrics, iris-scanning to enable transactions

Source: Techwire Asia

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