Monday, 24 September 2018

Like with iPhones, you may soon be able to unlock Paytm app with your face

Paytm

Taking its digital payments platform to the next level, One97 Communications Limited, which owns the Paytm brand, is experimenting with facial recognition technology to unlock the payments application. This is expected to enhance the security of accounts, said source in the company privy to this development.

To begin with, the Vijay Shekhar Sharma-owned company is testing the face login feature on its Android beta app, the person said. This will be an important security update for Paytm users that is designed to prevent phishing attacks by providing an additional security layer of biometric security, said a security expert.

According to sources, the company has tested this feature with over 10,000 faces and witnessed nearly 100 per cent accuracy. To achieve this, the app maps over 200 distinct parameters on the human face for high accuracy. The feature is likely to be rolled out soon.

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